American Public Education Earnings Calls

Q4 2024 Beat
$0.630 (16.67%)
Release date Mar 06, 2025
EPS estimate $0.540
EPS actual $0.630
EPS Surprise 16.67%
Revenue estimate 161.7M
Revenue actual 164.11M
Revenue Surprise 1.49%
Q3 2024 Beat
$0.0400 (48.15%)
Release date Nov 12, 2024
EPS estimate $0.0270
EPS actual $0.0400
EPS Surprise 48.15%
Revenue estimate 161.775M
Revenue actual 153.122M
Revenue Surprise -5.35%
Q2 2024 Beat
$0.0100 (698.80%)
Release date Aug 06, 2024
EPS estimate -$0.0017
EPS actual $0.0100
EPS Surprise 698.80%
Revenue estimate 154.09M
Revenue actual 152.895M
Revenue Surprise -0.776%
Q1 2024 Beat
-$0.0600 (68.42%)
Release date May 07, 2024
EPS estimate -$0.190
EPS actual -$0.0600
EPS Surprise 68.42%
Revenue estimate 152.35M
Revenue actual 154.432M
Revenue Surprise 1.37%

Last 4 Quarters for American Public Education

Below you can see how APEI performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.

Q1 2024 Beat
Release date May 07, 2024
Fiscal end date Mar 31, 2024
Price on release $15.18
EPS estimate -$0.190
EPS actual -$0.0600
EPS surprise 68.42%
Date Price
May 01, 2024 $13.82
May 02, 2024 $14.37
May 03, 2024 $15.08
May 06, 2024 $15.58
May 07, 2024 $15.18
May 08, 2024 $17.87
May 09, 2024 $18.80
May 10, 2024 $17.84
May 13, 2024 $18.56
4 days before 9.84%
4 days after 22.27%
On release day 17.72%
Change in period 34.30%
Q2 2024 Beat
Release date Aug 06, 2024
Fiscal end date Jun 30, 2024
Price on release $17.07
EPS estimate -$0.0017
EPS actual $0.0100
EPS surprise 698.80%
Date Price
Jul 31, 2024 $19.96
Aug 01, 2024 $18.47
Aug 02, 2024 $17.74
Aug 05, 2024 $17.27
Aug 06, 2024 $17.07
Aug 07, 2024 $12.30
Aug 08, 2024 $13.26
Aug 09, 2024 $13.65
Aug 12, 2024 $13.45
4 days before -14.48%
4 days after -21.21%
On release day -27.94%
Change in period -32.62%
Q3 2024 Beat
Release date Nov 12, 2024
Fiscal end date Sep 30, 2024
Price on release $17.32
EPS estimate $0.0270
EPS actual $0.0400
EPS surprise 48.15%
Date Price
Nov 06, 2024 $16.87
Nov 07, 2024 $17.35
Nov 08, 2024 $17.30
Nov 11, 2024 $17.76
Nov 12, 2024 $17.32
Nov 13, 2024 $19.85
Nov 14, 2024 $18.45
Nov 15, 2024 $18.32
Nov 18, 2024 $19.05
4 days before 2.67%
4 days after 9.99%
On release day 14.61%
Change in period 12.92%
Q4 2024 Beat
Release date Mar 06, 2025
Fiscal end date Dec 31, 2024
Price on release $19.25
EPS estimate $0.540
EPS actual $0.630
EPS surprise 16.67%
Date Price
Feb 28, 2025 $21.16
Mar 03, 2025 $20.39
Mar 04, 2025 $20.12
Mar 05, 2025 $20.28
Mar 06, 2025 $19.25
Mar 07, 2025 $23.50
Mar 10, 2025 $22.92
Mar 11, 2025 $23.05
Mar 12, 2025 $21.83
4 days before -9.03%
4 days after 13.40%
On release day 22.08%
Change in period 3.17%

American Public Education Earnings Call Transcript Summary of Q4 2024

(APEI) Q4 & Full Year 2024 Earnings Call

Financial Performance

  • Q4 2024 Results:
    • Revenue: $164.1 million, up 7.4% year-over-year.
    • Adjusted EBITDA: $31.4 million, representing a 22.2% increase from the previous year.
    • Net income per common share: $0.63, slightly down from $0.64 year-over-year.
  • Full Year 2024 Results:
    • Total revenue: $624 million, exceeding initial guidance.
    • Adjusted EBITDA: $72.3 million, above both original and revised guidance ranges.
    • Capital expenditures in line with guidance.

Enrollment Highlights

  • Rasmussen University:
    • Achieved a 4% year-over-year enrollment growth, with positive adjusted EBITDA of $5.5 million in Q4.
    • Enrollment trends are improving, with a 7% increase noted in Q1 2025.
  • Hondros College:
    • Strong enrollment growth of 19% in Q4 year-over-year, with continued momentum into Q1 2025.
  • American Public University System (APUS):
    • 7% increase in net course registrations for Q4, with military-affiliated registrations contributing significantly to growth.

Strategic Initiatives

  • Simplification Plans:
    • APEI plans to consolidate its three degree-granting institutions into a single entity, "American Public University System," projected to complete by Q4 2025.
    • Aiming for cost and revenue synergies through consolidation, although this move is not primarily a cost-cutting initiative.
  • Focus on Growth:
    • 2025 guidance anticipates revenue between $650 million and $660 million and adjusted EBITDA between $75 million and $85 million.
    • Expected growth drivers include expansion in nursing programs and optimization of marketing strategies.
  • Operational Changes:
    • Restructured advertising efforts to focus on organic leads, reducing overall marketing spend while boosting enrollment conversions.

Guidance and Outlook

  • First Quarter 2025 Expectations:
    • Revenue projected between $161 million and $163 million.
    • Adjusted EBITDA expected between $13.5 million and $15.5 million, with factors like increased marketing spending and higher labor costs impacting margins.
  • Long-term Growth Potential:
    • APEI sees significant opportunities in expanding educational offerings, particularly in nursing and military-related programs, supported by market demand and an ongoing nurse shortage.

Conclusion

APEI's 2024 performance exceeded expectations, underscoring a positive trajectory with growth in enrollments and financial metrics. The planned consolidation and focus on marketing efficiency indicate a strategy aimed at long-term stability and profitability. Investors should note the robust guidance for 2025 and the company's commitment to enhancing educational value while addressing market demands.

American Public Education Earnings History

Earnings Calendar

FAQ

When is the earnings report for APEI?
American Public Education (APEI) has scheduled its earnings report for May 06, 2025 after the markets close.

What is the APEI price-to-earnings (P/E) ratio?
APEI P/E ratio as of Mar 17, 2025 (TTM) is 24.56.

What is the APEI EPS forecast?
The forecasted EPS (Earnings Per Share) for American Public Education (APEI) for the first fiscal quarter 2025 is $0.170.

What are American Public Education's retained earnings?
On its balance sheet, American Public Education reported retained earnings of $164.11 million for the latest quarter ending Dec 31, 2024.

What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
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ABOUT AMERICAN PUBLIC EDUCATION
American Public Education
American Public Education, Inc., together with its subsidiaries, provides online and campus-based postsecondary education. The company operates through three segments: American Public University System, Rasmussen University, and Hondros College of Nursing. It offers 130 degree programs and 111 certificate programs in various fields of study, including business administration, health science, technology, criminal justice, education, and liberal ar...
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