American Public Education (APEI) Tops Q2 EPS by 1c; Guides Q3 Revs Below the Street

American Public Education (NASDAQ: APEI) reported Q2 EPS of $0.41, $0.01 better than the analyst estimate of $0.40. Revenue for the quarter came in at $76.7 million versus the consensus estimate of $75.63 million.

• Net course registrations at American Public University System decreased approximately 8% in the second quarter of 2016, compared to the prior year period. Net course registrations by returning students decreased approximately 5% year-over-year and net course registrations by new students decreased approximately 22% year-over-year in the second quarter of 2016.
• Active student enrollment at American Public University System decreased 12% year-over-year to 91,800 students as of June 30, 2016.
• Total student enrollment at HCON decreased approximately 8% to 1,770 students for the three months ended June 30, 2016.

GUIDANCE:

American Public Education sees Q3 2016 EPS of $0.26-$0.31, versus the consensus of $0.36.

For earnings history and earnings-related data on American Public Education (APEI) click here.

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