Guidance And ForecastManagement gave weak guidance for 3QF25, mainly hampered by slower-than-expected growth in overseas test prep, new businesses, and cultural tourism.
Overseas RevenueThere is a weaker-than-expected overseas revenue growth which has led to lower margin assumptions.
Price TargetThe price target for New Oriental Education & Technology has been cut from US$83 to US$52, reflecting reduced earnings estimates and deferred revenue assumptions.