ITT Educational Services Earnings: Here’s Why Investors Like These Results
ITT Educational Services Inc. (NYSE:ESI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 21.53%.
ITT Educational Services Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 44.12% to $1.33 in the quarter versus EPS of $2.38 in the year-earlier quarter.
Revenue: Decreased 15.83% to $287.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: ITT Educational Services Inc. reported adjusted EPS income of $1.33 per share. By that measure, the company beat the mean analyst estimate of $1.26. It beat the average revenue estimate of $277 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…