American Public Education-APEI to Report Q1 Earnings: What's in Store for the Stock?

Core Viewpoint - American Public Education, Inc. (APEI) is expected to report first-quarter 2025 results on May 12, with positive trends in enrollment and revenue growth anticipated despite some pressure on margins [1][3][7]. Revenue and Enrollment - APEI's first-quarter revenues are projected to increase by 4-6% year over year, reaching between $161 million and$ 163 million [4]. - The Zacks Consensus Estimate for first-quarter revenues is set at $161.9 million, indicating a 4.9% year-over-year rise [2]. - Strong enrollment growth is expected across all segments, particularly in the American Public University System (APUS), which accounted for 50.8% of total revenues in the previous quarter, and the Hondros College of Nursing (HCN) segment, which accounted for 10.8% [3][5]. Segment Performance - APUS is expected to have net course registrations between 100,500 and 102,000, reflecting a growth of 1.5-3% year over year [5]. - HCN's total enrollment is anticipated to increase by 10% to 3,600 students, while Rasmussen University (RU) is expected to see a 7% increase in enrollment to 14,500 students [5]. - Revenue growth predictions for APUS and HCN segments are 2.1% to$ 82.3 million and 9.5% to $18 million, respectively, while RU's revenue is expected to grow by 7.9% to$ 57.3 million [6]. Earnings and Margins - APEI expects net income to be between $1.7 million and$ 3.1 million, compared to a loss of $1 million a year ago [7]. - Adjusted EPS is anticipated to be between 9 cents and 17 cents, improving from a loss of 6 cents reported in the previous year [7]. - Adjusted EBITDA is projected to be between$ 13.5 million and $15.5 million, reflecting a decline of 21-9% year over year, with adjusted EBITDA margins expected to decrease by 170 basis points to 9.3% [7][8].