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New Oriental Education & Technology Trading In New Buy Zone With Earnings On Tap

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IBD 50 member New Oriental Education & Technology ( EDU ) is trading within a buy zone with its next quarterly earnings report due on Jan. 15.

The stock is about 2% above a 94.73 buy point from a second-stage flat base .

[ibd-display-video id=2881825 width=50 float=left autostart=true] Keep in mind that it's risky to buy any stock just before it reports. You can minimize your risk by waiting to see how the company reports and how the market reacts. Using an options strategy during earnings season is another way to put yourself in a position to profit, while minimizing the potential downside.

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While the company's bottom line growth fell in the company's most recent performance report from 41% to 13%, revenue rose 24%, up from 23% in the previous report.

Analysts are looking for EPS growth of 50% for the quarter, and 22% growth for the full year. Annual growth estimates were recently revised upward.

The company has a 97 Composite Rating and earns the No. 2 rank among its peers in the Consumer Services-Education industry group. Bright Horizon Family Solutions ( BFAM ) is the top-ranked stock within the group.

Note: Dates for earnings reports are subject to change. Check the company's website for any updates.

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


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

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