DeVry Beats on Revenue, Matches Expectations on EPS
DeVry (NYS: DV) reported earnings on April 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q3), DeVry beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped significantly.
Margins dropped across the board.
DeVry notched revenue of $540.8 million. The 13 analysts polled by S&P Capital IQ wanted to see a top line of $529.4 million on the same basis. GAAP reported sales were 3.9% lower than the prior-year quarter's $562.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.00. The 16 earnings estimates compiled by S&P Capital IQ averaged $0.99 per share. GAAP EPS of $1.00 for Q3 were 24% lower than the prior-year quarter's $1.32 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 54.8%, 380 basis points worse than the prior-year quarter. Operating margin was 17.7%, 670 basis points worse than the prior-year quarter. Net margin was 12.4%, 410 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $515.1 million. On the bottom line, the average EPS estimate is $0.82.
Next year's average estimate for revenue is $2.09 billion. The average EPS estimate is $3.52.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 257 members out of 294 rating the stock outperform, and 37 members rating it underperform. Among 92 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 78 give DeVry a green thumbs-up, and 14 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on DeVry is outperform, with an average price target of $44.93.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.