We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Adtalem (ATGE) to Report Q4 Earnings: What's in the Cards?
Read MoreHide Full Article
Adtalem Global Education Inc. (ATGE - Free Report) is scheduled to report fourth-quarter fiscal 2021 (ended Jun 30, 2021) results on Aug 19, after the closing bell.
In the last reported quarter, the top line lagged the Zacks Consensus Estimate by 0.9% but the bottom line topped the same by 2.9%. On the contrary, earnings declined 11.1% from the year-ago period due to COVID-related disruptions but revenues increased 3.4%.
Trend in Estimate Revision
The Zacks Consensus Estimate for earnings for the quarter to be reported has declined to 70 cents per share over the past 30 days. The said figure indicates a 20.7% increase from the year-ago earnings of 58 cents per share. The consensus mark for revenues is $284 million, suggesting a 9.3% year-over-year rise.
Factors at Play
Adtalem is expected to have witnessed strong revenues and earnings in the fiscal fourth quarter, as it has been witnessing solid demand across businesses driven by strength in student outcomes along with solid investments in marketing and new offerings. Yet, the company is expected to have witnessed an adverse impact on clinical weeks.
Adtalem Global Education Inc. Price and EPS Surprise
Its Financial Services segment is expected to have been impacted by increased sales and marketing expenses.
Nonetheless, the company has been undertaking initiatives to tackle the headwinds caused by the COVID-19 outbreak by controlling costs via increasing efficiency and reducing discretionary expenses. It has been gaining from solid competitive advantages arising from legacy of online learning and a streamlined business portfolio. Also, inorganic efforts are expected to have contributed to the top line, thereby offsetting the above-mentioned headwinds to some extent.
What the Zacks Model Says
Our proven model does not conclusively predict an earnings beat for Adtalem — which shares space with Strategic Education, Inc. (STRA - Free Report) , American Public Education, Inc. (APEI - Free Report) and Universal Technical Institute, Inc. (UTI - Free Report) in the Zacks Schools industry — this time around. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. This is not the case here as you will see below.
Earnings ESP: Adtalem has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Image: Bigstock
Adtalem (ATGE) to Report Q4 Earnings: What's in the Cards?
Adtalem Global Education Inc. (ATGE - Free Report) is scheduled to report fourth-quarter fiscal 2021 (ended Jun 30, 2021) results on Aug 19, after the closing bell.
In the last reported quarter, the top line lagged the Zacks Consensus Estimate by 0.9% but the bottom line topped the same by 2.9%. On the contrary, earnings declined 11.1% from the year-ago period due to COVID-related disruptions but revenues increased 3.4%.
Trend in Estimate Revision
The Zacks Consensus Estimate for earnings for the quarter to be reported has declined to 70 cents per share over the past 30 days. The said figure indicates a 20.7% increase from the year-ago earnings of 58 cents per share. The consensus mark for revenues is $284 million, suggesting a 9.3% year-over-year rise.
Factors at Play
Adtalem is expected to have witnessed strong revenues and earnings in the fiscal fourth quarter, as it has been witnessing solid demand across businesses driven by strength in student outcomes along with solid investments in marketing and new offerings. Yet, the company is expected to have witnessed an adverse impact on clinical weeks.
Adtalem Global Education Inc. Price and EPS Surprise
Adtalem Global Education Inc. price-eps-surprise | Adtalem Global Education Inc. Quote
Its Financial Services segment is expected to have been impacted by increased sales and marketing expenses.
Nonetheless, the company has been undertaking initiatives to tackle the headwinds caused by the COVID-19 outbreak by controlling costs via increasing efficiency and reducing discretionary expenses. It has been gaining from solid competitive advantages arising from legacy of online learning and a streamlined business portfolio. Also, inorganic efforts are expected to have contributed to the top line, thereby offsetting the above-mentioned headwinds to some extent.
What the Zacks Model Says
Our proven model does not conclusively predict an earnings beat for Adtalem — which shares space with Strategic Education, Inc. (STRA - Free Report) , American Public Education, Inc. (APEI - Free Report) and Universal Technical Institute, Inc. (UTI - Free Report) in the Zacks Schools industry — this time around. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. This is not the case here as you will see below.
Earnings ESP: Adtalem has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: It currently carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.