Apollo Education Group (APOL) Tops Q2 EPS by 6c; Guides Q3, FY15 Revs Below Consensus
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Apollo Education Group (NASDAQ: APOL) reported Q2 EPS of ($0.10), $0.06 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $578.6 million versus the consensus estimate of $584.62 million.
University of Phoenix Enrollment Data: | ||||||||||||||||||||||||||||||||||||||||||||||
Three Months EndedFebruary 28, | Six Months EndedFebruary 28, | |||||||||||||||||||||||||||||||||||||||||||||
(Rounded to the nearest hundred, except per degreed enrollment) | 2015 | 2014 | % Change | 2015 | 2014 | % Change | ||||||||||||||||||||||||||||||||||||||||
Degreed Enrollment(1) | 213,800 | 250,300 | (14.6 | )% | Average Degreed Enrollment(3) | 224,900 | 260,800 | (13.8 | )% | |||||||||||||||||||||||||||||||||||||
New Degreed Enrollment(2) | 28,300 | 32,500 | (12.9 | )% | ||||||||||||||||||||||||||||||||||||||||||
Degree seeking net revenues per degreed enrollment | $ | 2,236 | $ | 2,337 | ||||||||||||||||||||||||||||||||||||||||||
(1) Represents students enrolled in a degree program who attended a credit bearing course during the quarter and had not graduated as of the end of the quarter; students who previously graduated from one degree program and started a new degree program in the quarter (e.g., a graduate of an associate’s degree program returns for a bachelor’s degree); and students participating in certain certificate programs of at least 18 credits with some course applicability into a related degree program. | ||||||||||||||||||||||||||||||||||||||||||||||
(2) Represents new students and students who have been out of attendance for more than 12 months who enroll in a degree program and start a credit bearing course in the quarter; students who have previously graduated from a degree program and start a new degree program in the quarter; and students who commence participation in certain certificate programs of at least 18 credits with some course applicability into a related degree program. | ||||||||||||||||||||||||||||||||||||||||||||||
(3) Represents the average of quarterly Degreed Enrollment from the beginning to the end of the respective periods. |
Guidance:
Apollo Education Group sees FY2015 revenue of $2.63-2.68 billion, versus the consensus of $2.73 billion.
Apollo Education Group sees Q3 2015 revenue of $690-705 million, versus the consensus of $740.9 million.
For earnings history and earnings-related data on Apollo Education Group (APOL) click here.
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