Adtalem Global's (ATGE) Cost Saving Strong, Enrollments Down

On Jun 9, we issued an updated research report on Adtalem Global Education Inc. ATGE, formerly known as DeVry Education Group Inc., is a leading global education provider.

The company's cost-saving initiatives, transformation strategy and stackable programs are encouraging. However, sluggish enrollment trends leading to lower revenues raise concerns.

Notably, Adtalem Global's shares have gained over 125% in the last one year, compared with the 68.2% rally of the Zacks categorized Schools industry. Adtalem Global beat earnings estimates in all of the past four quarters. Moreover, earnings estimates for the current year moved north by 1.1% over the past 60 days.

Full-year 2017 earnings for Bridgepoint Education are expected to increase 263.9%.

Bright Horizons, a Zacks Rank #2 (Buy) stock, is expected to witness 20.7% growth in 2017 earnings.

Grand Canyon, also a Zacks Rank #2 stock, is expected to see a 15.1% rise in 2017 earnings.

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