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Career Education (CECO) Tops Q4 EPS Views; Tot. Enrollment Fell 14%

February 29, 2016 4:27 PM EST

Career Education (NASDAQ: CECO) reported Q4 EPS of $2.08, $2.14 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $199.9 million versus the consensus estimate of $151.7 million.

TOTAL AND NEW STUDENT ENROLLMENTS

For the fourth quarter of 2015, total student enrollments for the University Group were 31,900, which remained relatively flat to the prior year quarter. New student enrollments for the University Group were 8,760, a decrease of 3.1 percent as compared to the prior year quarter.

Total Student Enrollment

Q4 2015 Q3 2015 Q2 2015 Q1 2015 Q4 2014
CTU 21,300 20,600 20,600 20,300 20,400
AIU 10,600 10,800 10,700 13,500 11,600
Total University Group 31,900 31,400 31,300 33,800 32,000
Culinary Arts 7,800 9,200 7,800 8,800 8,800
Transitional Group 3,500 5,200 7,000 9,500 9,400
Total 43,200 45,800 46,100 52,100 50,200

New Student Enrollments

Q4 2015 Q3 2015 Q2 2015 Q1 2015 Q4 2014
CTU 5,710 5,470 5,670 5,040 5,670
AIU 3,050 2,980 2,280 5,090 3,370
Total University Group 8,760 8,450 7,950 10,130 9,040
Culinary Arts (1) 690 3,290 1,450 2,040 980
Transitional Group (1) 90 510 830 1,830 1,150
Total 9,540 12,250 10,230 14,000 11,170
(1) Teach-out campuses within the Transitional Group and Culinary Arts no longer enroll new students, effective upon their teach-out announcement; students who re-enter after 365 days are reported as new student enrollments. For Culinary Arts, teach-outs announced in December 2015 were effective beginning after the January 2016 new enrollment.

For earnings history and earnings-related data on Career Education (CECO) click here.



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