Adtalem Global Education (ATGE) Surpasses Q3 Earnings and Revenue Estimates

Core Viewpoint - Adtalem Global Education reported strong quarterly earnings, exceeding expectations and showing significant year-over-year growth in both earnings and revenues [1][2]. Financial Performance - The company achieved quarterly earnings of $1.92 per share, surpassing the Zacks Consensus Estimate of $1.63 per share, and up from $1.50 per share a year ago, representing an earnings surprise of 17.79% [1]. - Revenues for the quarter ended March 2025 were $466.06 million, exceeding the Zacks Consensus Estimate by 4.94% and up from $412.66 million in the same quarter last year [2]. Market Performance - Adtalem shares have increased approximately 26.3% since the beginning of the year, contrasting with a decline of -4.3% in the S&P 500 [3]. - The company's stock is currently rated Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6]. Future Outlook - Current consensus EPS estimate for the upcoming quarter is $1.50 on revenues of $436.92 million, and for the current fiscal year, it is $6.22 on revenues of $1.75 billion [7]. - The Schools industry, to which Adtalem belongs, is ranked in the top 30% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8].