New Oriental Education Expects Q1 Revenue of $1.25B-$1.28B Vs $1.485B Est
Portfolio Pulse from Benzinga Newsdesk
New Oriental Education expects Q1 revenue for fiscal year 2025 to be between $1.25B and $1.28B, which is below the estimated $1.485B. This represents a year-over-year increase of 31% to 34%, excluding revenues from East Buy private label products and livestreaming business.
July 31, 2024 | 9:11 am
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New Oriental Education's Q1 revenue forecast for fiscal year 2025 is below market expectations at $1.25B-$1.28B, compared to the $1.485B estimate. However, it still represents a significant year-over-year increase of 31%-34%.
The revenue forecast is below market expectations, which is likely to negatively impact the stock price in the short term. However, the significant year-over-year increase may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100