American Public Education
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), American Public Education beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share expanded. GAAP earnings per share increased slightly.
Gross margins expanded, operating margins shrank, net margins dropped.
American Public Education logged revenue of $86.0 million. The 11 analysts polled by S&P Capital IQ hoped for sales of $84.9 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $75.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.74. The 14 earnings estimates compiled by S&P Capital IQ averaged $0.67 per share. Non-GAAP EPS of $0.74 for Q4 were 4.2% higher than the prior-year quarter's $0.71 per share. GAAP EPS of $0.73 for Q4 were 2.8% higher than the prior-year quarter's $0.71 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 65.5%, 10 basis points better than the prior-year quarter. Operating margin was 24.9%, 130 basis points worse than the prior-year quarter. Net margin was 15.3%, 190 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $85.3 million. On the bottom line, the average EPS estimate is $0.60.
Next year's average estimate for revenue is $350.3 million. The average EPS estimate is $2.64.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 256 members out of 269 rating the stock outperform, and 13 members rating it underperform. Among 99 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 95 give American Public Education a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on American Public Education is outperform, with an average price target of $40.27.
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