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