NEW ORIENTAL-New Oriental (EDU) Soars 7.9%: Is Further Upside Left in the Stock?

Group 1: New Oriental Education (EDU) - New Oriental Education shares increased by 7.9% to close at $65, following a 7.5% loss over the past four weeks, indicating a notable recovery in stock performance [1] - The recent rally is attributed to optimism from a fiscal stimulus announced by the People's Bank of China, which includes interest rate cuts and additional funding opportunities, potentially boosting business activities and consumer confidence [1] - The upcoming quarterly earnings report is expected to show earnings of$ 1.14 per share, reflecting a year-over-year increase of 0.9%, with revenues projected at $1.4 billion, a 27.1% increase from the previous year [1] Group 2: Earnings Estimate Revisions - The consensus EPS estimate for New Oriental has been revised down by 58.7% over the last 30 days, which typically correlates with negative stock price movements [2] - Despite the recent stock price increase, the negative trend in earnings estimate revisions suggests caution regarding future price appreciation [2] - New Oriental currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook [2] Group 3: Perdoceo Education (PRDO) - Perdoceo Education's consensus EPS estimate remains unchanged at$ 0.53, representing a 17.2% decrease from the previous year [3] - Perdoceo Education has a Zacks Rank of 4 (Sell), indicating a negative outlook compared to its peers [3]