DeVry Education Group (DV) Misses Q4 EPS by 4c, Offers Outlook
DeVry Education Group (NYSE: DV) reported Q4 EPS of $0.57, $0.04 worse than the analyst estimate of $0.61. Revenue for the quarter came in at $473.2 million versus the consensus estimate of $478.56 million.
| 2015 | 2014 | % Change | ||||
| DeVry Education Group Postsecondary Enrollments(1)(3) | ||||||
| New students | 10,726 | 10,871 | -1.3% | |||
| Total students | 135,308 | 112,571 | +20.2% |
Outlook
- DeVry Group provided the following outlook for the first quarter and full year of fiscal 2016:
- During the first quarter, revenue is expected to decrease about five percent year over year
- Operating costs are expected to be down two to three percent versus the prior year quarter
- For the full year, revenue is expected to be down about five percent and earnings before special items to be flat to slightly up year over year
- Full year capital spending is expected to be about $90 million, roughly flat compared to fiscal 2015
- The effective income tax rate is expected to be 18 to 19 percent, before special items
For earnings history and earnings-related data on DeVry Education Group (DV) click here.