国泰君安:新东方新业务增长韧性足 静待利润率回暖

GoldenOctober2024
EDU-0,6%

金十数据10月28日讯,国泰君安发布研报称,考虑到短期竞争格局加剧下拓店提速求增长,利润率或受拖累,下调新东方(EDU.N)净利润分别为5.19/6.66/8.07亿美元,EPS为0.3/0.39/0.48美元。该行称,收入低基数环比降速放大担忧情绪,但新业务增长保有韧性,随着短期产能扩张节奏边际放缓,Q3-4利润率有望逐步回暖。

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