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New Oriental Education & Technology Group Inc. (EDU) provides private educational services under the New Oriental brand in the People's Republic of China. 
The company operates through Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Others segments.
It offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the Commonwealth countries, and the People's Republic of China.
The company also provides non-academic tutoring courses; intelligent learning systems and devices to offer a digital learning experience for students; and overseas studies consulting services.
In addition, it offers online education services through the Koolearn.com platform that provides comprehensive online education courses, including college educational services, such as college test preparation, overseas test preparation, and English language learning for college students and working professionals preparing for standardized tests or seeking to enhance their English language proficiency; and educational content packages to schools and institutional customers, including universities, public libraries, telecom operators, and online video streaming providers. Further, the company develops and edits educational materials for language training and test preparation.
Shares are heading higher in an upward trading channel. Presently shares are at the lower boundary of the said channel. Note the 50-day moving average.
On April 19th, EDU reported 3rd Quarter February 2023 earnings of $0.44 per share on revenue of $754.2 million. Revenue grew 22.8% on a year-over-year basis.
Guided Higher: The company said it expects fourth quarter revenue of $801.8 million to $822.7 million. The prior consensus revenue estimate was $661.67 million for the quarter ending May 31, 2023.
Entry Point: $41.50
Trading Range: $9.29 - $46.74
Stop Loss: $39.25
Target Price: $46.00
