Capella's (CPLA) Q1 Earnings Beat, Revenues Miss Estimates
Zacks Investment Research | May 02, 2018 10:19PM ET
Shares of Capella Education Company (NASDAQ:CPLA) gained 6.4% on May 2, following first-quarter 2018 earnings release.
The company reported adjusted earnings of $1.20 per share in the quarter, which surpassed the Zacks Consensus Estimate of $1.16 by 3.5%. In the year-ago quarter, earnings were 94 cents.
Revenues and Enrollment
Capella’s quarterly revenues of $112 million missed the Zacks Consensus Estimate of $113 million and increased a meagre 0.2% year over year.
Capella reports under two segments — Post-Secondary and Job-Ready Skills. The Post-Secondary segment comprises Capella University and Sophia Learning. The Job-Ready Skills segment covers Capella Learning Solutions, Hackbright Academy and DevMountain.
Post-Secondary: The segment reported revenues of $109.2 million, down 0.3% from the year-ago quarter due to a decline in enrollment. However, operating margin of 17.8% showed a year-over-year decline of 70 basis points (bps).
Capella University’s total active enrollment fell 1.6% to 38,181 learners, while new enrollment increased 1.8% on a year-over-year basis.
Job-Ready Skills: The segment reported revenues of $2.8 million in the first quarter, up 21.7% year over year. That said, the segment reported an operating loss of $1 million, compared with $2.7 million loss in the prior-year quarter.
Capella Education Company Price, Consensus and EPS Surprise
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