Bridgepoint Education Earnings: Here’s Why the Stock is Down Now
Bridgepoint Education, Inc. (NYSE:BPI) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 1.61%.
Bridgepoint Education, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 70.24% to $0.25 in the quarter versus EPS of $0.84 in the year-earlier quarter.
Revenue: Decreased 22.9% to $197.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Bridgepoint Education, Inc. reported adjusted EPS income of $0.25 per share. By that measure, the company met the mean analyst estimate of $0.25. It missed the average revenue estimate of $200.16 million.
Quoting Management: “Over the last year, Bridgepoint Education has made major investments across its entire spectrum of operations, with the goal of enhancing educational quality, improving student outcomes, and supporting the success of our students as they progress toward earning their degrees. These enhancements, together with affordable tuition, strongly position Ashford as a top choice for students seeking a high quality and affordable option for completing their education,” said Andrew Clark, CEO of Bridgepoint Education.
Key Stats (on next page)…