Strategic Education (STRA) Q4 Earnings Beat, Margins High
Zacks Investment Research | Mar 01, 2020 08:31PM ET
Strategic Education, Inc. or SEI (NASDAQ:STRA) reported better-than-expected results in fourth-quarter 2019. The company’s earnings and revenues not only topped analysts’ expectations but also grew from the year-ago level. The uptick was mainly backed by strong top-line numbers, and margins in Strayer and Capella universities.
The company reported adjusted earnings of $2.13 per share, which surpassed the Zacks Consensus Estimate of $2.09 by 1.9% and increased 36.5% from the year-ago quarter.
Total revenues of $263.8 million also surpassed the consensus estimate of $260 million by 1.5%. Notably, the reported figure also jumped 9% from the prior-year level. Adjusted revenues, which excluded the impact of a purchase accounting adjustment in 2018, grew 7.8% year over year.
Strategic Education Inc. Price, Consensus and EPS Surprise
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