Adtalem Global Education (ATGE) Q4 Earnings and Revenues Beat Estimates

Company Performance - Adtalem Global Education (ATGE) reported quarterly earnings of $1.37 per share, exceeding the Zacks Consensus Estimate of $1.24 per share, and up from $1.03 per share a year ago, representing an earnings surprise of 10.48% [1] - The company posted revenues of $409.91 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 3.28%, compared to year-ago revenues of $364.64 million [1] - Over the last four quarters, Adtalem has consistently surpassed consensus EPS and revenue estimates [1] Stock Performance - Adtalem shares have increased approximately 24.9% since the beginning of the year, outperforming the S&P 500's gain of 8.7% [2] - The current consensus EPS estimate for the upcoming quarter is $1.06 on revenues of $394.63 million, and for the current fiscal year, it is $5.72 on revenues of $1.65 billion [4] Industry Outlook - The Schools industry, to which Adtalem belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [5] - The performance of Adtalem's stock may be influenced by the overall industry outlook, as the top 50% of Zacks-ranked industries tend to outperform the bottom 50% by more than 2 to 1 [5]