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New Oriental Education & Technology Group Inc. (EDU) stock has reached a 52-week low, trading at $50.1. This latest price level reflects a notable decline in the company's market valuation over the past year. Investors have been closely monitoring EDU as it navigates through a challenging period, marked by a -10.92% change over the past year. The education sector has faced significant headwinds, and New Oriental Education, as a leading player, has not been immune to these industry-wide pressures. Despite these challenges, InvestingPro data reveals the company maintains strong financial health with a low P/E ratio relative to growth and solid cash flows. The 52-week low serves as a critical indicator for the company's performance and investor sentiment, as market participants consider the stock's potential for recovery or further decline in the coming months. Discover 8 additional exclusive insights about EDU with an InvestingPro subscription, including detailed valuation metrics and growth projections.
In other recent news, New Oriental Education & Technology Group Inc. reported its fiscal second-quarter earnings, which didn't meet analyst expectations. The Chinese private education provider's adjusted earnings per American depositary share were $0.22, falling short of the projected $0.32. Despite this, the company witnessed a 19.4% year-over-year increase in revenue, reaching $1.04 billion and slightly surpassing the anticipated $1.03 billion.
New Oriental's Executive Chairman, Michael Yu, noted a 21.1% and 31% growth in their overseas test preparation and study consulting businesses. However, the company's operating income saw a decrease of 9.8% year-over-year to $19.3 million, attributed in part to costs associated with capacity expansion for educational businesses.
Looking forward, New Oriental anticipates third-quarter revenue to be between $1.01 billion and $1.03 billion, indicating a growth of 18% to 21% year-over-year. These recent developments highlight the company's performance and future expectations.
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