Financial Performance - Consolidated revenue for Q2 2024 increased 3.9% year-over-year to $152.9 million[2] - Net loss available to common stockholders in Q2 2024 was ($1.2) million, significantly improved from a net loss of ($52.7) million in Q2 2023[2] - Adjusted EBITDA for Q2 2024 was $10.9 million, a 24% increase compared to $8.8 million in Q2 2023[7] - Revenues for the three months ended June 30, 2024, increased to $152,895 thousand, up from $147,214 thousand in the same period of 2023, representing a growth of 4%[22] - Net income for the three months ended June 30, 2024, was $371 thousand, a significant improvement from a net loss of $51,232 thousand in the same period of 2023[22] - Adjusted EBITDA for the three months ended June 30, 2024, was $10,925 thousand, compared to $8,785 thousand in the same period of 2023, representing a growth of 24.4%[25] - For the six months ended June 30, 2024, total revenues reached $307,327 thousand, up from $296,903 thousand in the same period of 2023, reflecting a growth of 3.5%[23] Cost Management - Total costs and expenses for Q2 2024 decreased by 29.1% to $150.7 million, down from $212.5 million in Q2 2023[5] - Total costs and expenses for the three months ended June 30, 2024, decreased to $150,675 thousand, down from $212,482 thousand in the same period of 2023, reflecting a reduction of approximately 29%[22] Enrollment and Projections - Q3 2024 enrollments at Rasmussen University increased slightly compared to Q3 2023, marking the first year-over-year increase since its acquisition[2] - APUS net course registrations for Q3 2024 are projected to be between 90,500 and 92,300, reflecting a slight decline to flat change year-over-year[12] - Hondros College of Nursing's student enrollment for Q3 2024 is expected to increase by 10% to approximately 3,100[12] Future Guidance - Full year 2024 revenue guidance is reiterated at $620 million to $630 million, representing a year-over-year increase of 3% to 5%[3] - Full year 2024 Adjusted EBITDA guidance is set at $60 million to $70 million, indicating a potential increase of 1% to 17% year-over-year[12] - The company expects net income for the three months ending September 30, 2024, to range from a loss of $1,150 thousand to a profit of $950 thousand[27] - The company anticipates adjusted EBITDA for the twelve months ending December 31, 2024, to range from $60,000 thousand to $70,000 thousand[27] Segment Performance - The APUS segment generated revenues of $77,048 thousand for the three months ended June 30, 2024, compared to $73,557 thousand in the same period of 2023, indicating a growth of 6.7%[22] - The RU segment reported revenues of $53,034 thousand for the three months ended June 30, 2024, an increase from $51,971 thousand in the same period of 2023, showing a growth of 2%[22] - The HCN segment's revenues increased to $16,409 thousand for the three months ended June 30, 2024, compared to $14,266 thousand in the same period of 2023, marking a growth of 15%[22] Cash Position - Total cash, cash equivalents, and restricted cash increased by 8.2% to $156.2 million as of June 30, 2024[8]

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.Luckily, Zacks h ...

Alliance aims to support Aspire Health Group employees with advancing their education and help address the nursing shortage in Florida's long-term care facilitiesTAMPA, Fla., Aug. 1, 2024 /PRNewswire/ -- Rasmussen University is pleased to announce a new corporate alliance with Aspire Health Group, a leading long-term healthcare provider in Florida. The alliance is designed to help Aspire Health Group's employees further their education at a more affordable cost—all while they continue working as well as hel ...

CHARLES TOWN, W.Va. , July 23, 2024 /PRNewswire/ -- American Public Education, Inc. (NASDAQ: APEI), a portfolio of education companies providing online and campus-based postsecondary education and career learning to over 125,000 students through four subsidiary institutions will hold a conference call on Tuesday, August 6, 2024 at 5:00 PM Eastern Time to discuss its financial results for the second quarter 2024 ended June 30, 2024. Financial results will be issued in a press release prior to the call.Date: ...

Small-cap stocks have roared back following favorable CPI data, helping break months of back-and-forth action. Lower interest rates are better for small-caps, helping explain why recent CPI data, which supports the notion of rate cuts, have them displaying bullish behavior.The idea here is that small-cap companies are in their ‘early’ days, having to borrow more to fuel operations. Many large-cap companies have established themselves over the years, building up balance sheets with ample cash, providing flex ...

American Public Education (APEI) shares soared 5.1% in the last trading session to close at $19.44. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 15.7% gain over the past four weeks.The stock might have got a boost on the expectation of potential interest rate cut in September, per the CME FedWatch tool.This for-profit education company is expected to post quarterly earnings of $0.01 per share in its upcoming report, which repr ...

Momentum investors look to ride bullish trends where buyers are in control. The strategy has been particularly rewarding in 2024 amid the market's strong showing thanks to a resilient economy.And pairing the strategy with the Zacks Rank makes the approach even more potent. Three stocks – CyberArk Software (CYBR) , LendingTree (TREE) , and American Public Education (APEI) – fit the strategy.All three have seen positive price action recently, displaying relative strength compared to major indices. In addition ...

Investors looking for stocks in the Schools sector might want to consider either American Public Education (APEI) or Lincoln Educational Services Corporation (LINC) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive esti ...

Conference Overview - The American Public University System (APUS) and Policy Studies Organization (PSO) will host a free two-day virtual conference titled "AI and the Future of Education: Disruptive Teaching and Learning Models" on August 1-2, 2024 [1] - The conference aims to explore the transformative role of Artificial Intelligence (AI) in higher education, focusing on ethical implications and innovative teaching models [1][2] Key Speakers and Topics - Notable speakers include experts from Microsoft Education, MIT, and U.S. Rep. Dr. Jay Obernolte, who will discuss AI innovations, ethical challenges, and curriculum design [2] - Topics will cover customized learning experiences through AI, increasing access to education, and the integration of open educational resources [2] Unique Features - An AI-generated virtual concierge named "Scholar Bot®" will assist attendees in navigating the conference sessions and provide information about presenters [3] - The conference will run from 9:30 a.m. to 5 p.m. EST on both days, providing ample opportunity for networking and discussion [3] About APUS - APUS is recognized for its affordable, high-quality online education, with over 141,000 alumni from more than 80 countries [4] - The institution ranks in the top 11% for students' return on educational investment among 4,500 colleges and universities, according to the Georgetown University Center on Education and the Workforce [4][5]

Group 1: Kirin Holdings Company, Limited - Kirin Holdings has a Zacks Rank of 1 and a Growth Score of A [1] - The Zacks Consensus Estimate for its current year earnings has increased by 5.8% over the last 60 days [1] - The company has a PEG ratio of 0.71, which is lower than the industry average of 1.44 [1] Group 2: Daktronics, Inc. - Daktronics also carries a Zacks Rank of 1 and has a Growth Score of B [1] - The Zacks Consensus Estimate for its current year earnings has increased by 34.5% over the last 60 days [1] - The company has a PEG ratio of 0.40, compared to the industry average of 0.50 [1] Group 3: American Public Education, Inc. - American Public Education holds a Zacks Rank of 1 and a Growth Score of A [2] - The Zacks Consensus Estimate for its current year earnings has increased by 5.9% over the last 60 days [2] - The company has a PEG ratio of 1.61, which is slightly lower than the industry average of 1.63 [2]