Is New Oriental Education & Technology Group (EDU) Stock a Solid Choice Right Now? - Tale of the Tape

By
A A A

One stock that might be an intriguing choice for investors right now is New Oriental Education & Technology Group Inc. ( EDU ). This is because this security in the school space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the school space as it currently has a Zacks Industry Rank of 28 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, New Oriental Education & Technology Group is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm's prospects in both the short and long term.

In fact, over the past month, current quarter estimates have narrowed from a loss of 3 cents per American Depositary Share ("ADS") to a loss of 1 cent per ADS, while current year estimates have risen from $1.27 per ADS to $1.30 per ADS. Each "ADS" represents four common shares. EDU currently holds a Zacks Rank #3 (Hold), which is a favorable signal.

So, if you are looking for a decent pick in a strong industry, consider New Oriental Education & Technology Group. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>



NEW ORIENTAL ED (EDU): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: EDU

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Stocks

Referenced

50%

Most Active by Volume

75,031,044
  • $16.26 ▲ 0.31%
64,683,841
  • $99.76 ▲ 2.14%
44,561,744
  • $14 ▼ 6.23%
37,984,130
  • $27.93 ▲ 0.36%
36,148,020
  • $94.39 ▲ 1.49%
33,981,456
  • $22.93 ▼ 1.38%
33,971,527
  • $44.08 ▲ 1.03%
33,685,322
  • $76.95 ▲ 1.32%
As of 10/20/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com