Post-earnings recap
Reported
Tue, Jul 23, 2019
Est. EPS
—
Est. revenue
—
Implied move
—
EPS beat rate
63%
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Est. EPS
—
Est. Rev
—
Impl. Move
—
The earnings report shows that New Oriental Ed & Te ADR missed expectations on EPS, but the stock reacted positively, rising by 9.19%. This increase may reflect investor confidence in the company's long-term strategy and management's commitment to quality education. Despite the EPS miss, the market seems to believe in the company's potential for growth moving forward.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $0.60 | N/A | -7.27% |
Management expressed a cautious optimism about the future, emphasizing their focus on quality education. They acknowledged the competitive landscape but reiterated their commitment to growth.
We are focused on maintaining our market position despite challenges.
Our commitment to quality education remains our top priority.