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%.

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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)…

Revenue decreased 4.37% from $300.84 million in the previous quarter. EPS decreased 36.06% from $2.08 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 $0.96 to a profit $0.84. For the current year, the average estimate has moved down from a profit of $4.22 to a profit of $3.73 over the last ninety days.

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