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DeVry Education Group Inc.

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DeVry reported robust first-quarter fiscal 2017 results, surpassing the Zacks Consensus Estimate for both sales and earnings by 9.8% and 0.7% respectively. Earnings also increased 18.4% year over year. Medical and Healthcare, International and Professional Education segments remain the key growth drivers. Also, the acquisitions boosted revenues in the quarter. However, continued enrollment deceleration at DeVry University and Carrington remains a matter of concern. Higher growth investments in health care schools and declining enrollment levels at DeVry University due to soft demand have been hurting the company’s profits over the past few quarters.

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