American Public Education (APEI) Tops Q3 EPS by 3c, Revenues Beat; Offers 4Q EPS Guidance

American Public Education (NASDAQ: APEI) reported Q3 EPS of $0.18, $0.03 better than the analyst estimate of $0.15. Revenue for the quarter came in at $79.1 million versus the consensus estimate of $78.07 million.

GUIDANCE:

American Public Education sees Q4 2020 EPS of $0.41-$0.46, versus the consensus of $0.45.

The following statements are based on APEI's current expectations. These statements are forward-looking and actual results may differ materially. APEI undertakes no obligation to update publicly any forward-looking statements for any reason unless required by law.

APEI anticipates fourth quarter 2020 consolidated revenue to increase between 10% and 14%, compared to the prior year period. APEI expects diluted earnings per share to be between $0.41 and $0.46 in the fourth quarter of 2020.

American Public Education expects the following results from its subsidiaries in the fourth quarter of 2020:

• At APUS, net course registrations by new students are expected to increase between 11% and 15% year-over-year and net course registrations are expected to increase between 6% and 10% year-over-year.
• At HCN, new and total student enrollment increased approximately 34% year-over-year for the three months ended December 31, 2020.

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

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