Total enrollment growth of 22%, 20% increase in campus based students & 47% rise in online students.
NEW YORK (MarketWatch) — Strayer Education Inc. said Thursday its fourth-quarter profit rose to $24.0 million, or $1.71 a share, from $19.5 million, or $1.34 a share, in the same quarter a year before. Analysts had expected earnings on average of $1.70 a share, according to a FactSet Research survey. Revenue for the quarter was $114.3 million compared to $89.1 million in the year-ago period. The Arlington, Va.-based educational services company said that based on strong enrollment growth announced for the 2009 winter term and planned investments in opening new campuses, it estimates first-quarter profit to be in the range of $1.96 to $1.98 a share. (Corrects earning figures and comparisons.)
Yet stock plummets at one point by almost 20%???
Visit the EDU stock Page!
Yes I know, the analysts wanted even bigger blow-out numbers like APOL & ESI, but Come on… a 15-20% shilacking??
My very wise friend/mentor DF once shared with me: “Equities trade 6 months to a year of advanced anticipation…”