American Public Education (APEI) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Insights - American Public Education (APEI) reported revenue of $158.33 million for the quarter ended December 2025, reflecting a decrease of 3.5% year-over-year, but exceeding the Zacks Consensus Estimate by 4.3% [1] - The earnings per share (EPS) for the quarter was $0.67, up from $0.63 in the same quarter last year, resulting in a significant EPS surprise of 73.26% compared to the consensus estimate of $0.39 [1] Financial Performance - APEI's stock has returned +5.8% over the past month, outperforming the Zacks S&P 500 composite, which declined by -2.3% [3] - The company holds a Zacks Rank 1 (Strong Buy), indicating potential for outperformance in the near term [3] Enrollment and Revenue Metrics - Total student enrollment at Rasmussen University (RU) was reported at 15,900, slightly below the average estimate of 15,907 [4] - Total student enrollment for Hondros College, Nursing Programs (HCN) was 4,000, compared to the estimated 4,016 [4] - Net course registrations reached 82,200, significantly exceeding the average estimate of 69,662 [4] - Revenue for Rasmussen University was $66.63 million, surpassing the average estimate of $65.33 million, with a year-over-year increase of 15.9% [4] - Revenue for Hondros College, Nursing Programs was $20.73 million, slightly below the estimated $21.26 million, but still reflecting a year-over-year increase of 9.5% [4] - Revenue for American Military & Public University (APUS) was $71.03 million, exceeding the average estimate of $62.44 million, but showing a year-over-year decline of 13.8% [4]