Capella Education (CPLA) Tops Q2 EPS by 10c, Offers Outlook

Capella Education (NASDAQ: CPLA) reported Q2 EPS of $0.90, $0.10 better than the analyst estimate of $0.80. Revenue for the quarter came in at $109.6 million versus the consensus estimate of $109.89 million.

Outlook

For the third quarter ending Sept. 30, 2017, consolidated revenues for Capella Education Company are expected to be up 2.0 to 3.0 percent compared to third quarter 2016. Consolidated operating margin is anticipated to be approximately 11.5 to 12.5 percent of total revenue. Capella University’s third quarter 2017 new enrollment growth is expected to be about flat year-over-year and total enrollment is expected to decline about one percent year-over-year.

For fiscal year 2017, we expect consolidated revenues for Capella Education Company to grow about 3.0 percent and consolidated operating margins to be about 15 percent.

“While we achieved our financial goals for the first half of 2017, Capella University’s second quarter enrollment performance has put pressure on our annual performance goals,” said Steve Polacek, senior vice president and chief financial officer. “We remain committed to making investments necessary to achieve our long-term growth potential.”

For earnings history and earnings-related data on Capella Education (CPLA) click here.

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