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On Tuesday, February 02, Adtalem Global Education (NYSE:ATGE) will release its latest earnings report. Benzinga's outlook for Adtalem Global Education is included in the following report.
Net Income, Earnings, And Earnings Per Share
Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.
Earnings And Revenue
Based on Adtalem Global Education management projections, analysts predict EPS of $0.67 on revenue of $278.47 million. In the same quarter last year, Adtalem Global Education reported EPS of $0.57 on revenue of $266.17 million.
Why Analyst Estimates And Earnings Surprises Are Important
Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.
If the company were to report earnings in line when it publishes results Tuesday, earnings would be up 17.54%. Sales would be have grown 4.62% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past:
Shares of Adtalem Global Education were trading at $38.635 as of January 29. Over the last 52-week period, shares are up 11.04%. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Adtalem Global Education is scheduled to hold the call at 17:00:00 ET and can be accessed here.
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