American Public Education (APEI) Tops Q1 EPS by 15c
American Public Education (NASDAQ: APEI) reported Q1 EPS of $0.32, $0.15 better than the analyst estimate of $0.17. Revenue for the quarter came in at $74.6 million versus the consensus estimate of $74.22 million.
"We are grateful that our operations have not suffered negative impacts from pandemic-related issues thus far, ensuring that our students' higher education journey can continue on schedule. I am incredibly inspired by our faculty and staff who have managed to move all operations – Hondros, APUS and APEI - to remote working. Certainly our primary concern has been and continues to be the health and safety of all employees and students." said Angela Selden, Chief Executive Officer of APEI.
"In these challenging times, we could not be more pleased with momentum across all of our business units. Our institutions of higher learning are well positioned financially and operationally to serve current and prospective students, as well as visiting students whose education may have been disrupted or those considering alternative options for the fall," Selden added. "Our unique capabilities, coupled with our affordability and culture of service, will enable us to fulfill our mission with distinction and carry us well into the future."
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