Strayer Education (NAS: STRA) reported earnings on July 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Strayer Education met expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share shrank significantly.
Margins contracted across the board.
Strayer Education chalked up revenue of $146.3 million. The 14 analysts polled by S&P Capital IQ wanted to see a top line of $147.7 million on the same basis. GAAP reported sales were 11% lower than the prior-year quarter's $163.8 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 $1.85. The 14 earnings estimates compiled by S&P Capital IQ forecast $1.86 per share. GAAP EPS of $1.85 for Q2 were 27% lower than the prior-year quarter's $2.53 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 48.3%, 510 basis points worse than the prior-year quarter. Operating margin was 24.7%, 590 basis points worse than the prior-year quarter. Net margin was 14.5%, 360 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $128.9 million. On the bottom line, the average EPS estimate is $0.88.
Next year's average estimate for revenue is $579.0 million. The average EPS estimate is $6.89.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 260 members out of 327 rating the stock outperform, and 67 members rating it underperform. Among 87 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 67 give Strayer Education a green thumbs-up, and 20 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Strayer Education is hold, with an average price target of $110.83.
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The article Strayer Education Hits Estimates, but GAAP Results Lag Last Year's originally appeared on Fool.com.
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