Guotai Junan: New Oriental's new business has strong resilience, waiting for the profit margin to rise

GoldenOctober2024
EDU-0,94%

Jinshi data news on October 28th, Guotai Junan released a research report stating that considering the accelerated expansion of stores under the intensified short-term competitive situation and the pursuit of rise, profit margins may be dragged down, and the net profits of New Oriental (EDU.N) are lowered to 5.19/6.66/8.07 billion U.S. dollars, with EPS of 0.3/0.39/0.48 U.S. dollars. The bank stated that the worry about the month-on-month decline in the growth rate of low-base income is magnified, but the new business has resilience in rise, and with the marginal slowdown of the short-term capacity expansion pace, the profit margin in Q3-4 is expected to gradually recover.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments