Strayer Education (Nasdaq: STRA ) reported earnings on April 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Strayer Education met expectations on revenues and met expectations on earnings per share.
Compared with the prior-year quarter, revenue shrank and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Strayer Education logged revenue of $149.5 million. The 12 analysts polled by S&P Capital IQ predicted revenue of $150.1 million on the same basis. GAAP reported sales were 13% lower than the prior-year quarter's $172.0 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 $2.09. The 11 earnings estimates compiled by S&P Capital IQ forecast $2.09 per share. GAAP EPS of $2.09 for Q1 were 25% lower than the prior-year quarter's $2.80 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 50.7%, 570 basis points worse than the prior-year quarter. Operating margin was 27.3%, 710 basis points worse than the prior-year quarter. Net margin was 16.0%, 480 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $146.1 million. On the bottom line, the average EPS estimate is $1.85.
Next year's average estimate for revenue is $575.1 million. The average EPS estimate is $6.81.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 263 members out of 328 rating the stock outperform, and 65 members rating it underperform. Among 93 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 75 give Strayer Education a green thumbs-up, and 18 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 $110.17.
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