American Public Education Reports Strong Fourth Quarter and Full Year 2020 Results
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American Public Education (APEI) Tops Q4 EPS by 6c, Revenues Beat; Offers 1Q EPS Guidance Above Consensus
March 9, 2021 4:04 PM ESTAmerican Public Education (NASDAQ: APEI) reported Q4 EPS of $0.47, $0.06 better than the analyst estimate of $0.41. Revenue for the quarter came in at $85.9 million versus the consensus estimate of $83.8 million.
Fourth Quarter & Recent Highlights:
Consolidated revenue increased 15.4% year-over-year to $85.9 millionNet income increased 25% year-over-year to $7.1 million, or $0.47 per shareAdjusted EBITDA increased 18% year-over-year to $15.8 millionNet course registrations by new students at APUS increased 17% and total net course registrations increased 11% year-over-year to 88,400 the fifth consecutive quarter of year-over-year growthNew student enrollment at HCN increased 34% and total... More