DeVry Earnings: Everything You Must Know Now

DeVry, Inc. (NYSE:DV) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

DeVry, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 14.89% to $0.54 in the quarter versus EPS of $0.47 in the year-earlier quarter.

Revenue: Decreased 5.12% to $480 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: DeVry, Inc. reported adjusted EPS income of $0.54 per share. By that measure, the company beat the mean analyst estimate of $0.40. It missed the average revenue estimate of $481.42 million.

Quoting Management: “We are responding to a challenging environment by executing a turnaround plan at DeVry University and Carrington including aligning our cost structure, regaining enrollment growth and making targeted investments to drive future growth,” said Daniel Hamburger, DeVry’s president and chief executive officer. “Our formula of quality plus diversification equals growth is helping us as we work through the cyclical weakness and we remain confident in the opportunities for long-term growth in career-oriented education.”

Key Stats (on next page)…

Revenue decreased 5.65% from $508.75 million in the previous quarter. EPS decreased 40% from $0.90 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.46 to a profit $0.44. For the current year, the average estimate is a profit of $2.67, which is the same with that ninety days ago.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)