American Public Education beats Q4 revenue estimates on high enrollments

American Public Education

12/03/2026 21:02

Overview

U.S. education provider's Q4 revenue fell 3.5% yr/yr but beat analyst expectations

Q4 adjusted EBITDA declined 8.6%, impacted by government shutdown and GSUSA sale

Company authorized $50 mln share repurchase and completed debt refinancing to lower interest expense

Outlook

Company sees Q1 2026 revenue between $173.0 mln and $175.0 mln

American Public Education expects FY 2026 revenue of $685.0 mln to $695.0 mln

Company expects FY 2026 diluted EPS of $2.15 to $2.47 per share

Result Drivers

GOVERNMENT SHUTDOWN - Co said Q4 revenue and adjusted EBITDA were negatively affected by the federal government shutdown

SEGMENT ENROLLMENT GROWTH - Rasmussen University and Hondros College of Nursing revenue rose due to increased enrollments

GSUSA SALE IMPACT - Sale of Graduate School USA reduced consolidated revenue; excluding this, revenue would have been flat yr/yr

Company press release: ID:nPn3qKsK5a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$158.30 mln
$151.82 mln (8 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the miscellaneous educational service providers peer group is "buy"

Wall Street's median 12-month price target for American Public Education Inc is $50.00, about 9.3% above its March 11 closing price of $45.74

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)