ITT Educational (ESI) Reports Q2 Earnings, Revenues Lag
Zacks Investment Research | Aug 02, 2016 10:59PM ET
Educational Services, Inc. (NYSE:ESI) reported earnings per share of 18 cents in the second quarter of 2016, as against the Zacks Consensus Estimate of a loss of 4 cents. Moreover, the bottom line increased 500% from 3 cents earned in the prior-year quarter due to strong margins. The results were driven by an improvement in bad debt ratio, improved persistence and lower taxes.
ITT Educational Services has a Zacks Rank #3 (Hold).
Stocks to Consider
Better-ranked stocks in the consumer discretionary sector include Apollo Education Group Inc (NASDAQ:APOL) , New Oriental Education & Technology Group Inc. (NYSE:EDU) and Barnes & Noble (NYSE:BKS) Education Inc (NYSE:BNED) . All the three companies hold a Zacks Rank #2 (Buy).
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