The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Bridgepoint Education missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted. GAAP earnings per share shrank significantly.
Margins shrank across the board.
Bridgepoint Education logged revenue of $209.4 million. The 11 analysts polled by S&P Capital IQ expected a top line of $217.6 million on the same basis. GAAP reported sales were 5.4% lower than the prior-year quarter's $221.3 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 $0.29. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.29 per share. GAAP EPS of $0.29 for Q4 were 29% lower than the prior-year quarter's $0.41 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 30.4%, much worse than the prior-year quarter. Operating margin was 12.0%, 400 basis points worse than the prior-year quarter. Net margin was 7.7%, 260 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $213.9 million. On the bottom line, the average EPS estimate is $0.43.
Next year's average estimate for revenue is $827.8 million. The average EPS estimate is $1.24.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Bridgepoint Education is hold, with an average price target of $11.00.
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