Morgan Stanley released a research report stating that New Oriental (EDU.N) Q2 total revenue in the 2025 fiscal year increased by 19% YoY, 2% higher than market expectations; core revenue increased by 31.3% YoY, higher than the previously guided YoY increase of 25% to 28%. As for the outlook for Q3 of the 2025 fiscal year, core revenue is expected to increase by 18% to 21% YoY (in USD), or increase by 20% to 23% YoY (in RMB), which is lower than the annual guidance of 30% YoY. Morgan Stanley set a target price of $83 for New Oriental's US stock and gave it a buy rating.
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Morgan Stanley: New Oriental's second quarter revenue beats expectations, but profits and guidance fall short of expectations.
Morgan Stanley released a research report stating that New Oriental (EDU.N) Q2 total revenue in the 2025 fiscal year increased by 19% YoY, 2% higher than market expectations; core revenue increased by 31.3% YoY, higher than the previously guided YoY increase of 25% to 28%. As for the outlook for Q3 of the 2025 fiscal year, core revenue is expected to increase by 18% to 21% YoY (in USD), or increase by 20% to 23% YoY (in RMB), which is lower than the annual guidance of 30% YoY. Morgan Stanley set a target price of $83 for New Oriental's US stock and gave it a buy rating.