ITT Educational Services Inc. (NYSE:ESI) delivered a profit and missed 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.
ITT Educational Services Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 54.59% to $0.89 in the quarter versus EPS of $1.96 in the year-earlier quarter.
Revenue: Decreased 21.2% to $259.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: ITT Educational Services Inc. reported adjusted EPS income of $0.89 per share. By that measure, the company missed the mean analyst estimate of $0.9. It missed the average revenue estimate of $273 million.
Key Stats (on next page)…
Revenue decreased 9.67% from $287.71 million in the previous quarter. EPS decreased 36.88% from $1.41 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.73 and has not changed. For the current year, the average estimate has moved up from a profit of $3.83 to a profit of $3.97 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)