Adtalem Education (ATGE)

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Adtalem's Q1 Earnings & Revenues Top Estimates, 2025 View Up
ZACKS· 2024-10-30 14:10
Adtalem Global Education Inc. (ATGE) posted better-than-expected results in first-quarter fiscal 2025. Earnings and revenues surpassed their respective Zacks Consensus Estimate and increased year over year, given strong enrollment growth and strategic initiatives. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Adtalem registered strong quarterly performance, which was led by significant gains at Chamberlain University and Walden University. These gains were due to continued demand ...
Adtalem Education (ATGE) - 2025 Q1 - Earnings Call Transcript
2024-10-29 23:58
Financial Data and Key Metrics Changes - Revenue for the quarter reached $417 million, reflecting a 13% increase compared to last year [8] - Adjusted EBITDA margin expanded by 140 basis points, leading to a 39% jump in adjusted earnings per share to $1.29 [8][25] - Adjusted net income for the quarter was $50.5 million, up 28.3% compared to last year [27] Business Line Data and Key Metrics Changes - Chamberlain reported first quarter revenue of $167.9 million, an increase of 17.8% compared to the prior year, driven by a total student enrollment increase of 11.7% [28] - Walden's first quarter revenue was $161.5 million, a 14.1% increase year-over-year, with total student enrollment up 12.2% [31] - Medical and Veterinary segment revenue increased by 3.9% to $88 million, with total enrollment growth trend improving [33] Market Data and Key Metrics Changes - Total enrollment improved for the 10th consecutive quarter, up 11.2% year-over-year, bringing total enrollment to over 90,000 students [9] - Chamberlain's BSN online option is now available in 36 states with over 2,000 students enrolled [14] - Walden remains a national leader in nursing with over 16,000 nursing students currently enrolled [16] Company Strategy and Development Direction - The company has commenced year two of its three-year "Growth with Purpose" strategy, focusing on operational excellence and generating substantial value for stakeholders [7] - Investments in marketing and student support are aimed at maintaining high persistence rates and enhancing the student experience [30][47] - The company is expanding its reach through partnerships and innovative programs, including a new partnership with the Oncology Nursing Society [15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future enrollment trends and the strong demand for medical education in the U.S. [20] - The fiscal year 2025 guidance has been raised to project revenue between $1.69 billion and $1.73 billion, with adjusted earnings per share of $5.75 to $5.95 [21][38] - Management noted that the marketing investments are expected to deliver positive returns through increased future demand and strong persistence [30][51] Other Important Information - Free cash flow for the first three months of fiscal year 2025 was $79 million, with a trailing 12-month free cash flow of $243 million [35] - The balance sheet remains healthy, ending the first quarter with $265 million in cash and equivalents [36] - The company repurchased 462,000 shares during the quarter, continuing its share repurchase authorization [37] Q&A Session Summary Question: Growth acceleration at Chamberlain - Management noted positive trends in new enrollment, particularly in the post-licensure RN/BSN category, and believes this trend is sustainable [42][43] Question: Marketing expense allocation - Marketing resources are allocated dynamically based on attractive opportunities, with a significant portion shifted to Q2 [44][45] Question: Revenue growth and operating leverage - Despite increased marketing investments, management indicated that there are additional investments in student support impacting operating leverage [46][47] Question: Full year guidance and risk factors - Management clarified that the full year guidance reflects an improved outlook for revenue, with strong momentum across new enrollment [58][59]
Adtalem Global Education (ATGE) Beats Q1 Earnings and Revenue Estimates
ZACKS· 2024-10-29 22:41
Adtalem Global Education (ATGE) came out with quarterly earnings of $1.29 per share, beating the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $0.93 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 15.18%. A quarter ago, it was expected that this forprofit education company would post earnings of $1.24 per share when it actually produced earnings of $1.37, delivering a surprise of 10.48%. Over the l ...
Adtalem Education (ATGE) - 2025 Q1 - Quarterly Results
2024-10-29 20:18
Exhibit 99.1 News Release Investor Contact Jay Spitzer Investor.Relations@Adtalem.com +1 312-906-6600 GLOBAL EDUCATION Media Contact Britt Mitchell AdtalemMedia@Adtalem.com +1 872-270-0301 Adtalem Global Education First Quarter Fiscal Year 2025 Results; Guidance Raised Total enrollment up 11.2% YoY Revenue up 13.2% YoY Diluted earnings per share $1.18; Adjusted EPS $1.29, growth of 38.7% YoY First quarter highlights ● Total student enrollment 90,140, up 11.2% year-over-year ● Revenue $417.4 million, up 13.2 ...
Adtalem Education (ATGE) - 2025 Q1 - Quarterly Report
2024-10-29 20:15
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |-------------------------------------------------------------------------------------|-------------------------------------------------| | | | | For the ...
Are Investors Undervaluing Adtalem Global Education (ATGE) Right Now?
ZACKS· 2024-10-09 14:45
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that t ...
Here's Why Adtalem Global Education (ATGE) is a Strong Momentum Stock
ZACKS· 2024-10-02 14:51
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Styl ...
Adtalem Teams Up With Hippocratic AI to Offer New Curriculum
ZACKS· 2024-09-11 14:51
Adtalem Global Education Inc. (ATGE) and Hippocratic AI, Inc. have come together to develop an extensive educational curriculum to train and certify clinicians on the use of Artificial Intelligence (AI) in healthcare.ATGE is optimistic about this collaboration since it coincides with its aim to offer students both the education and technological skills required to mold them into practice-ready clinicians.More on ATGE’s PartnershipAdtalem’s collaboration with Hippocratic AI will develop a curriculum to integ ...
Why Is Adtalem (ATGE) Up 7.9% Since Last Earnings Report?
ZACKS· 2024-09-05 16:37
A month has gone by since the last earnings report for Adtalem Global Education (ATGE) . Shares have added about 7.9% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Adtalem due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Adtalem Q4 Earnings & Revenues Top Estimat ...
Adtalem Stock Rallies 16% in 3 Months: More Room to Run?
ZACKS· 2024-09-03 17:11
Adtalem Global Education Inc. (ATGE) has experienced a notable surge in its stock price over the past three months. The stock has risen 16.1%, outperforming the Zacks School industry’s decline of 4.2%. In the last six months, shares of this leading healthcare education provider have surged 54.9%, outperforming the industry’s 10.6% decline.The company has been reaping benefits from its consistent focus on the "Growth with Purpose" strategy, strategic collaborations, and investments in marketing, technology, ...