Career Education (Nasdaq: CECO ) is expected to report Q4 earnings on Feb. 27. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Career Education's revenues will compress -22.1% and EPS will shrink to a loss.
The average estimate for revenue is $342.2 million. On the bottom line, the average EPS estimate is -$0.34.
Last quarter, Career Education chalked up revenue of $332.8 million. GAAP reported sales were 22% lower than the prior-year quarter's $428.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at -$0.47. GAAP EPS were -$0.51 for Q3 versus $0.14 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 60.0%, 440 basis points worse than the prior-year quarter. Operating margin was -14.5%, 1,910 basis points worse than the prior-year quarter. Net margin was -10.0%, 1,250 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.48 billion. The average EPS estimate is -$0.49.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 162 members out of 192 rating the stock outperform, and 30 members rating it underperform. Among 53 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give Career Education a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Career Education is hold, with an average price target of $3.96.
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