Afya (AFYA) Q3 Earnings Miss Estimates

Core Insights - Afya (AFYA) reported quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.36 per share, but showing an increase from $0.28 per share a year ago, resulting in an earnings surprise of -11.11% [1] - The company posted revenues of $151.71 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 3.55% and up from $148.25 million year-over-year [2] - Afya shares have declined approximately 20.1% year-to-date, contrasting with the S&P 500's gain of 25.5% [3] Earnings Outlook - The future performance of Afya's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4] - Current consensus EPS estimate for the upcoming quarter is $0.36 on revenues of $147.5 million, and for the current fiscal year, it is $1.56 on revenues of $579.23 million [7] Industry Context - The Schools industry, to which Afya belongs, is currently ranked in the top 6% of over 250 Zacks industries, indicating a favorable outlook compared to lower-ranked industries [8] - Another company in the same industry, Universal Technical Institute (UTI), is expected to report quarterly earnings of $0.30 per share, reflecting a year-over-year increase of 200%, with revenues projected at $190.96 million, up 12.1% from the previous year [9][10]