Earnings from New Oriental Education & Technology Group Inc. [EDU] are scheduled on April 20, 2021, before the market opens. It is expected that the company will report weak earnings for the quarter ending Feb 2021.
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EDU Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $0.07 per share on revenue of $1.14B. Taking a look at the future, the company is projected to report revenue of $1.09B at an earnings per share of $0.06 for the May 2021 quarter. The estimates represent year-over-year improvements of 33.80% in revenue and 56.86% in earnings per share for the company.
EDU Stock Earnings Forecast For The Current Year
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For the full financial year, New Oriental Education & Technology Group Inc. [NYSE:EDU] is forecasted to generate revenue of $4.12B. The figure is about $540.0 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $0.3 in 2021, which is $0.0 lower than the figure in FY20. Based on current estimates, earnings are expected to grow 56.70% next year, and 28.04% annually over the next five years. With regard to sales, forecasts suggest an incline of 15.10% in current fiscal year and 33.80% over following year.
EDU Stock Price Performance
At the close of Monday’s session, New Oriental Education & Technology Group Inc. [NYSE:EDU] finished up 1.13% at $15.18. The stock’s highest single-day price was $15.285, and its lowest was $14.92. Its price rose 2.71% in the last five days. Since the beginning of the year, New Oriental Education & Technology Group Inc.’s shares are down nearly -18.30%. However, the share price is -24.00% below its one year high. The top price reached by the shares of the company was $19.97 on 02/16/21, while the 52-week low came on 03/26/21, when the shares were $12.27. In the past year, shares of the company have risen 34.96%. At 50 days, the moving average achieved is $16.82 while at 200 days, the moving average is $16.15. There were 9.65 million shares traded in the last session, down from 11.5 million in the previous session.
New Oriental Education & Technology Group Inc. [NYSE:EDU] Stock Valuation Metrics
With a prevailing 12-month PE ratio of 64.32, New Oriental Education & Technology Group Inc. [EDU] does not qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a premium to the industry average of 23.06 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 7.11 PS value ratio is reported for the last one year of reported earnings. This is above the average return 2.45 for the industry, which means EDU offers an unattractive investment opportunity than its competitors do.
EDU Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 15.18 level, and the violation of this level will cause a further drop to 14.97 level. At the upper end, 15.70 remains a key resistance. As the stock increases, it may find resistance at 15.49. In the 14-day chart, the Relative Strength Index standing at 46.99 suggests a technical neutral stance while the MACD standing at 0.36 indicates price will decrease in the next trading period. Stochastic %K at 88.48% suggests selling the stock while Percent R indicator at 5.72% suggests bullish price movement.
How much is the short interest in New Oriental Education & Technology Group Inc.?
There have been a drop in short interest in the New Oriental Education & Technology Group Inc. Financial stock, with short interest up by 5.61 million shares to 42.2 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 47.81 million shares. This -13.29% decrease suggests some bullish sentiment was experienced by the stock.
How do analysts view New Oriental Education & Technology Group Inc.?
In regard to the share price forecast for New Oriental Education & Technology Group Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $19.75 in the next twelve months, representing almost an 23.14% growth from its recent price of $15.18. Among New Oriental Education & Technology Group Inc. stock projections, $23.69 is the highest analyst target for the stock, while $18.00 is the lowest. Despite this, 33 analysts who share their consensus rating for EDU in 2021 agree that the stock is a Buy. The latest rating change took place on 10/14/20, when Benchmark Ratings launched coverage of the stock at “Buy” and assigned a price target of $195.0.