Benzinga | Oct 13, 2020 07:05AM EDT

New Oriental Education: Q1 Earnings Insights

Shares of New Oriental Education (NYSE:EDU) rose 2.4% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were down 20.14% year over year to $1.15, which beat the estimate of $1.01.

Revenue of $986,366,000 declined by 7.99% year over year, which beat the estimate of $956,520,000.

Guidance

Q2 revenue expected to be between $863,700,000 and $887,300,000.

Details Of The Call

Date: Oct 13, 2020

Time: 08:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/ze6obdd9

Technicals

Company's 52-week high was at $172.00

Company's 52-week low was at $102.01

Price action over last quarter: Up 26.39%

Company Overview

EDU, founded in 1993, is the largest well-established one-stop shopping private educational services provider in China. EDU has had over 52.8 million student enrollments, including about 8.4 million enrollments in fiscal 2019. As of third-quarter fiscal 2020, EDU had a network of 1,416 learning centers, including 99 schools, 12 bookstores and access to a national network of online and offline bookstores through 160 third-party distributors and over 38,400 highly qualified teachers in 86 cities. EDU offers a diversified portfolio of educational programs, services and products to students in different age groups, including K-12 after-school tutoring for major academic subjects, overseas and domestic test preparations, nonacademic languages and services in vocational training, and so on.