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.

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.

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