AMERICAN PUBLIC EDUCATION (APEI) Reports In-line Earnings for Q3; Guides In-line
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AMERICAN PUBLIC EDUCATION (NASDAQ: APEI) reports Q3 EPS of $0.27, in-line with the analyst estimate of $0.27. Revenue for the quarter was $36.5 million, which compares to the estimate of $36.07 million.
Full Year 2009 Outlook:
The Company expects full year 2009 revenues to be approximately $148.0 million. (Consensus is $ 148.98M)
The Company estimates that full year 2009 net income, including stock-based compensation expense, will be approximately $23.5 million or approximately $1.24 per fully diluted share, the same as analysts estimates.
The Company anticipates net course registrations from new students of approximately 50,000 and total net course registrations of approximately 207,800 in the twelve month period ending December 31, 2009.
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