New Oriental Education Expects Q4 Revenue of $1.102B-$1.127B Vs $1.099B Est
Portfolio Pulse from Benzinga Newsdesk
New Oriental Education (EDU) forecasts Q4 FY2024 revenue between $1.102B and $1.127B, indicating a 28% to 31% year-over-year increase. The revenue increase in Renminbi is expected to be 34% to 37%.
April 24, 2024 | 9:26 am
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New Oriental Education expects a significant revenue increase in Q4 FY2024, with projections between $1.102B and $1.127B, reflecting a 28% to 31% YoY growth.
The projected revenue increase for New Oriental Education indicates a strong financial performance and growth trajectory. This positive outlook, especially with the expected growth in both USD and Renminbi, suggests a bullish sentiment for EDU in the short term. The specific mention of a year-over-year increase in the range of 28% to 31% highlights significant growth potential, likely to positively impact investor sentiment and stock price.
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