Strategic Education, Inc. Reports Fourth Quarter 2018 Results; Strong Enrollment Growth at Both Strayer University and Capella University

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Go back to Strategic Education, Inc. Reports Fourth Quarter 2018 Results; Strong Enrollment Growth at Both Strayer University and Capella University

UPDATE: Strategic Education (STRA) Tops Q4 EPS by 6c, Revenues Beat

March 1, 2019 6:31 AM EST

(Updated - March 1, 2019 6:32 AM EST)

Strategic Education (NASDAQ: STRA) reported Q4 EPS of $1.56, $0.06 better than the analyst estimate of $1.50. Revenue for the quarter came in at $242.1 million versus the consensus estimate of $238.39 million.

Revenue increased 104.0% to $242.1 million compared to $118.7 million for the same period in 2017. Revenue in 2018 includes the impact of a purchase accounting adjustment of $2.5 million to reflect Capella University deferred revenue at fair value. Adjusted revenue, which is a non-GAAP financial measure and excludes the aforementioned deferred revenue adjustment, increased 106.1% to $244.6 million compared to $118.7 million for the same... More