American Public Education APEI reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:01 PM.
Here's what investors need to know about the announcement.
Earnings
American Public Education beat estimated earnings by 17.39%, reporting an EPS of $-0.38 versus an estimate of $-0.46.
Revenue was down $5.06 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.18 which was followed by a 50.76% drop in the share price the next day.
Here's a look at American Public Education's past performance:
Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
---|---|---|---|---|
EPS Estimate | -0.17 | -0.25 | 0.05 | 0.19 |
EPS Actual | -0.35 | -0.20 | -0.06 | 0.28 |
Revenue Estimate | 152.63M | 146.62M | 152.12M | 157.13M |
Revenue Actual | 152.44M | 149.53M | 149.61M | 154.75M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
American Public Education management provided guidance for Q2 2023, expecting earnings between $-0.36 and $-0.28 per share.
To track all earnings releases for American Public Education visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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