earnings
confidence high
sentiment neutral
materiality 0.60
APEI swings to net income in Q3 2024; revenue up 1.5% to $153.1M
AMERICAN PUBLIC EDUCATION INC
2024-Q3 EPS reported
-$0.08
revenue$460,449,000
- Consolidated revenue $153.1M (+1.5% YoY); net income $731k vs net loss ($4.9M) in Q3 2023.
- Diluted EPS $0.04 vs ($0.27) a year ago; Adjusted EBITDA $12.9M vs $18.1M.
- Rasmussen Q4 enrollments up 3.5% YoY, first positive since acquisition; Hondros enrollments up 10.4%.
- Full year FY 2024 guidance narrowed: revenue $620-625M, Adjusted EBITDA $64-67M.