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Weakness Seen in New Oriental Education & Technology Group (EDU): Stock Tumbles 13.2%

Zacks Equity Research

New Oriental Education & Technology Group Inc. (EDU) saw a big move last session, as the company’s shares fell more than 13% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for EDU, as the stock is now down around 21.3% in the past one-month time frame.

The company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks. One estimate was revised higher while there was no downward revision. The consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

 EDU currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the services sector include DeVry Education Group Inc. (DV), Fluor Corporation (FLR) and FTI Consulting, Inc. (FCN). All these stocks carry a Zacks Rank #2 (Buy).

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