Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.

Bridgepoint Beats Expectations, but Wall Street's Not Happy?

Bridgepoint Education  (NYSE: BPI  ) dropped more than 3% on the opening bell Tuesday yet closed out almost 1% up at $10.25. How? Well, Wall Street seemed bearish after the company missed revenue expectations but decided that beating earnings were still earnings. 

In Q4, Bridgepoint brought in $0.29, a cent better than analyst estimates for the same period in 2011. Net income saw a comparable decrease from $22.9 million to $16.0 million, a decrease of 30.1%. Revenue decreased 5.4% to $209.4 million; analysts estimated $217.6 million for the year. Total student enrollment followed net income with a 31.4% decrease to 9,260 new students.

For all of 2012, Bridgepoint missed estimates of $2.40. The company took in only $2.29 in earnings per share. Net income decreased 25.9% to $128.0 million from $172.8 million in 2011. However, revenue did increase 3.7% from 2011 to $968.2 million. Total student enrollment was ultimately down 5.6% to 81,810 from 2011.
Looking forward, analysts expect Bridgepoint to bring in $0.52 for the next quarter, and $1.49 for 2013.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2309081, ~/Articles/ArticleHandler.aspx, 5/22/2015 7:46:16 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Apple's next smart device (warning, it may shock you

Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early-in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!