Adtalem Global Education (ATGE) Tops Q4 EPS by 9c

Adtalem Global Education (NYSE: ATGE) reported Q4 EPS of $0.78, $0.09 better than the analyst estimate of $0.69. Revenue for the quarter came in at $451.5 million versus the consensus estimate of $454.48 million.

Adtalem Outlook

Fiscal 2018 first quarter revenue is expected to decrease 4 to 5 percent versus the prior year. First quarter operating costs before special items are expected to decline 4 to 5 percent versus the prior year.

Fiscal 2018 full year revenue is expected to be flat to down 1 percent compared to the prior year and earnings before special items are expected to grow in the low single digit range as compared to the prior year. Full year capital spending is expected to be in the $65 to $70 million range. The effective income tax rate for the fiscal year is expected to be in the range of 21 to 22 percent, before special items.

For earnings history and earnings-related data on Adtalem Global Education (ATGE) click here.

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