Capella Education (CPLA) Tops Q2 EPS by 17c; Sees Q3 Enrollment Erosion
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Capella Education (NASDAQ: CPLA) reported Q2 EPS of $0.83, $0.17 better than the analyst estimate of $0.66. Revenue for the quarter came in at $103.7 million versus the consensus estimate of $102.66 million.
Capella University total active enrollment decreased 0.9 percent to 36,003 and new enrollment, calculated at census date, increased by 12.7 percent from second quarter 2012.
Outlook
For the third quarter ending Sept. 30, 2013, Capella University new enrollment growth, calculated at census date, is expected to decline in the mid-single digit percentage range compared to particularly strong new enrollment performance in the third quarter 2012. Total enrollment is expected to decline by about 2 to 4 percent and consolidated revenue is expected to be flat to up 1 percent compared to third quarter 2012.
The consolidated operating margin is anticipated to be approximately 8 to 9 percent of total revenue for the third quarter of 2013, and about 13 to 14 percent of total revenue for the fiscal year 2013.
For earnings history and earnings-related data on Capella Education (CPLA) click here.
Capella University total active enrollment decreased 0.9 percent to 36,003 and new enrollment, calculated at census date, increased by 12.7 percent from second quarter 2012.
Outlook
For the third quarter ending Sept. 30, 2013, Capella University new enrollment growth, calculated at census date, is expected to decline in the mid-single digit percentage range compared to particularly strong new enrollment performance in the third quarter 2012. Total enrollment is expected to decline by about 2 to 4 percent and consolidated revenue is expected to be flat to up 1 percent compared to third quarter 2012.
The consolidated operating margin is anticipated to be approximately 8 to 9 percent of total revenue for the third quarter of 2013, and about 13 to 14 percent of total revenue for the fiscal year 2013.
For earnings history and earnings-related data on Capella Education (CPLA) click here.
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