Key Insights:
- New Oriental Education (EDU, Financial) posts a Q3 EPADS miss and a projected Q4 revenue boost of up to 13% year-over-year.
- Wall Street analysts foresee a 51.75% upside based on average price targets for EDU.
- GuruFocus estimates suggest a potential 103.92% appreciation in EDU's stock within a year.
New Oriental Education (EDU) has released its Q3 financial results, reporting a Non-GAAP EPADS of $0.70, which fell short of analysts' expectations by $0.04. The company's revenue for the quarter amounted to $1.18 billion, marking a 2.5% decline compared to the previous year and coming in $60 million below analyst forecasts. Looking ahead to Q4, New Oriental anticipates net revenues to range between $1.009 billion and $1.037 billion, indicating an impressive 10% to 13% year-over-year growth.
Wall Street Analysts' Forecast
According to the projections of 18 analysts, the one-year average target price for New Oriental Education & Technology Group Inc (EDU, Financial) is $67.36. Estimates range from a high of $99.41 to a low of $41.00. This average target suggests a potential upside of 51.75% from the current share price of $44.39. Investors seeking more comprehensive estimate data can visit the New Oriental Education & Technology Group Inc (EDU) Forecast page.
Furthermore, based on the consensus from 19 brokerage firms, EDU currently holds an average recommendation of 2.1, signaling an "Outperform" status. The recommendation scale spans from 1 to 5, with 1 indicating a Strong Buy and 5 denoting a Sell.
In terms of valuation, GuruFocus estimates place the GF Value for New Oriental Education & Technology Group Inc (EDU, Financial) at $90.52 in the coming year. This estimation implies a substantial upside of 103.92% from the current price of $44.39. The GF Value is GuruFocus' measure of a stock's fair trading value, arrived at by analyzing historical trading multiples, past growth performance, and future business projections. More in-depth data is available on the New Oriental Education & Technology Group Inc (EDU) Summary page.
