Exceeds Analyst Expectations by…

Adtalem Global Education Inc. (NYSE:ATGE) has reported impressive fiscal third-quarter results for the period ending March 31, 2024, showcasing significant growth and operational efficiency. The company’s revenue surged by 11.8% year-over-year, reaching $412.66 million, surpassing the estimated $391.70 million. Despite falling below the estimated $1.16, the diluted earnings per share (EPS) stood at $0.93, while the adjusted EPS achieved $1.50, reflecting a remarkable 32.7% increase from the previous year.

Total enrollment also saw a substantial increase of 7.8% year-over-year, supporting the company’s growth momentum. Adtalem’s segment performance was particularly strong, with Chamberlain revenue growing by 13.8% and Walden’s operating income surging by 128.0%, indicating robust segment-specific growth.

As a result of these impressive results, Adtalem has raised its fiscal year 2024 guidance, with revenue guidance now ranging from $1,560 million to $1,580 million, and adjusted EPS guidance increased to $4.80 to $5.00. The company’s focus on enhancing shareholder value and supporting strategic growth areas has been evident in its strong financial performance.

Adtalem Global Education Inc. is a leading American for-profit educational company, primarily focused on healthcare education. With over 90 campuses and extensive online programs, Adtalem plays a crucial role in filling the workforce gap in the U.S. healthcare system, supporting approximately 80,000 students and over 300,000 alumni.

Overall, Adtalem’s strong performance in the fiscal third quarter and optimistic outlook for the future position the company well in the educational sector, making it a noteworthy entity for investors and stakeholders in the industry.