Bridgepoint Education Beats Analyst Estimates on EPS
Bridgepoint Education (NYS: BPI) reported earnings on Aug. 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Bridgepoint Education missed slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share shrank.
Gross margins expanded, operating margins shrank, and net margins contracted.
Bridgepoint Education reported revenue of $256.3 million. The 11 analysts polled by S&P Capital IQ hoped for sales of $260.9 million on the same basis. GAAP reported sales were 6.8% higher than the prior-year quarter's $239.9 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 $0.84. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.74 per share. GAAP EPS of $0.84 for Q2 were 6.7% lower than the prior-year quarter's $0.90 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 74.5%, 40 basis points better than the prior-year quarter. Operating margin was 29.5%, 490 basis points worse than the prior-year quarter. Net margin was 18.5%, 320 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $257.7 million. On the bottom line, the average EPS estimate is $0.66.
Next year's average estimate for revenue is $990.4 million. The average EPS estimate is $2.52.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Bridgepoint Education is hold, with an average price target of $28.60.
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The article Bridgepoint Education Beats Analyst Estimates on EPS originally appeared on Fool.com.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.The Motley Fool owns shares of Bridgepoint Education. Motley Fool newsletter services have recommended writing puts on Bridgepoint Education. The Motley Fool has a disclosure policy.
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