American Public Education (APEI) Tops Q1 EPS by 1c

American Public Education (NASDAQ: APEI) reported Q1 EPS of $0.51, $0.01 better than the analyst estimate of $0.50. Revenue for the quarter came in at $85.4 million versus the consensus estimate of $85.7 million.

• At American Public University System, net course registrations in the first quarter of 2015 decreased approximately 6% year-over-year and net course registrations by new students in the first quarter of 2015 decreased approximately 16% year-over-year.
• As of March 31, 2015, active student enrollment at American Public University System decreased 2% to 111,500 students, compared to 113,400 students at December 31, 2014.
• As of March 31, 2015, student enrollment at Hondros College of Nursing increased approximately 22% to 1,580 students, compared to 1,290 students as of March 31, 2014.

American Public Education sees Q2 2015 EPS of $0.41-$0.46, versus the consensus of $0.46. American Public Education anticipates second quarter 2015 consolidated revenues to decrease between approximately 8% and 6% year-over-year, compared to the prior year period of 2014.

For earnings history and earnings-related data on American Public Education (APEI) click here.

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