New Oriental Education & Technology Group (NYSE:EDU) Third Quarter 2024 Results
Main financial results
- Revenue: USD 1.21 billion (up 60% from Q3 2023).
- Net profit: USD 87.2 million (up 6.8% from Q3 2023).
- Margin: 7.2% (down from 11% in Q3 2023). The decrease in profit margin was due to an increase in expenses.
- EPS: USD 0.53 (up from USD 0.49 in Q3 2023).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
New Toyo Education & Technology Group's revenue exceeded expectations, but EPS fell short
Sales exceeded analysts' expectations by 11%. Earnings per share (EPS) were 11% lower than analysts expected.
Looking ahead, revenue is expected to grow at an average annual rate of 17% over the next three years, compared to an 11% growth forecast for the U.S. consumer services industry.
performance of American consumer services industry.
The company's stock fell 2.0% from the previous week.
balance sheet analysis
Although considering the income statement is very important, you can also learn a lot about a company by looking at the balance sheet.we have A graphical representation of New Oriental Education & Technology Group's balance sheet and a detailed analysis of the company's financial position.
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