New Oriental Education Q3 2024 Adj EPS $0.63 Misses $0.79 Estimate, Sales $1.207B Beat $1.105B Estimate
Portfolio Pulse from Benzinga Newsdesk
New Oriental Education (EDU) reported Q3 2024 adjusted EPS of $0.63, missing the $0.79 estimate, but sales of $1.207B exceeded the $1.105B estimate. This represents a 12.5% increase in EPS and a 60.09% increase in sales from the same period last year.
April 24, 2024 | 9:22 am
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NEUTRAL IMPACT
New Oriental Education's Q3 2024 earnings missed EPS estimates but beat sales forecasts, showing significant year-over-year growth.
The miss on EPS estimates could put downward pressure on EDU's stock price in the short term, but the significant beat on sales estimates and strong year-over-year growth could counterbalance this effect, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100