Adtalem Global Education Q2 Earnings Preview
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 10h ago
0mins
Source: seekingalpha
- Earnings Announcement Date: Adtalem Global Education (ATGE) is set to release its Q2 2023 earnings on January 28 after market close, with consensus EPS estimates at $2.19, reflecting a 21% year-over-year increase, and revenue estimates at $488.72 million, up 9.2%, indicating ongoing growth potential in the education sector.
- Historical Performance: Over the past two years, ATGE has consistently beaten both EPS and revenue estimates 100% of the time, showcasing the company's financial stability and market confidence, although recent downward revisions in estimates suggest some caution.
- Estimate Revisions: In the last three months, EPS estimates saw no upward revisions and four downward adjustments, while revenue estimates experienced one upward and three downward revisions, reflecting a cautious market outlook, particularly amid leadership changes due to execution issues.
- Share Repurchase Plan: Adtalem is accelerating its $150 million share repurchase program and reaffirming its fiscal 2026 revenue outlook of $1.9 billion to $1.94 billion, demonstrating a commitment to enhancing shareholder value despite facing operational challenges.
Analyst Views on ATGE
Wall Street analysts forecast ATGE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ATGE is 163.67 USD with a low forecast of 158.00 USD and a high forecast of 170.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 118.200
Low
158.00
Averages
163.67
High
170.00
Current: 118.200
Low
158.00
Averages
163.67
High
170.00
About ATGE
Adtalem Global Education Inc. is a provider of healthcare education in the United States, preparing a diverse workforce with academic programs. Its healthcare programs include nursing, medicine, veterinary medicine, social and behavioral sciences and more. Its segments include Chamberlain, Walden, and Medical and Veterinary. Chamberlain segment offers degree and certificate programs in the nursing and health professions postsecondary education industry. Walden segment offers degree and certificate programs, including those in nursing, education, counseling, business, psychology, public health, social work and human services, public administration and public policy, and criminal justice. Medical and Veterinary segment offers degree and certificate programs in the medical and veterinary postsecondary education industry. This segment includes American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
