• New Oriental Education & Technology Group Inc EDU.N reported quarterly adjusted earnings of $1.61​​ per share for the quarter ended August 31, higher than the same quarter last year, when the company reported EPS of $1.60. The mean expectation of five analysts for the quarter was for earnings of $1.65 per share. Wall Street expected results to range from $1.60 to $1.72 per share.

• Revenue rose 6.1% to $1.52 billion from a year ago; analysts expected $1.51 billion.

• New Oriental Education & Technology Group Inc's reported EPS for the quarter was $1.50​.

• The company reported quarterly net income of $240.72 million.

• New Oriental Education & Technology Group Inc shares had risen by 14.2% this quarter and lost 5.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 21.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 5 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the miscellaneous educational service providers peer group is also "buy"

• Wall Street's median 12-month price target for New Oriental Education & Technology Group Inc is $60.40, about 0.3% below its last closing price of $60.59

This summary was machine generated from LSEG data October 28 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)