Adtalem Global Education Inc reports results for the quarter ended June 30 - Earnings Summary

• Adtalem Global Education Inc ATGE.N reported quarterly adjusted earnings of $1.66​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.37. The mean expectation of four analysts for the quarter was for earnings of $1.53 per share. Wall Street expected results to range from $1.49 to $1.55 per share.

• Revenue rose 11.5% to $457.11 million from a year ago; analysts expected $440.86 million.

• The company reported quarterly net income of $54.21 million.

• Adtalem Global Education Inc shares had fallen by 6.3% this quarter and gained 31.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the miscellaneous educational service providers peer group is "buy."

• Wall Street's median 12-month price target for Adtalem Global Education Inc is $141.50, about 15.7% above its last closing price of $119.23

This summary was machine generated from LSEG data August 8 at 05:40 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)