American Public Education Q2 2024 GAAP EPS $(0.06) Misses $0.01 Estimate, Sales $152.895M Miss $154.088M Estimate
Portfolio Pulse from Benzinga Newsdesk
American Public Education (NASDAQ:APEI) reported Q2 2024 GAAP EPS of $(0.06), missing the $0.01 estimate by 700%. Sales were $152.895M, missing the $154.088M estimate by 0.77%, but up 3.86% from last year's $147.214M.
August 06, 2024 | 8:11 pm
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American Public Education (NASDAQ:APEI) reported a significant earnings miss for Q2 2024, with GAAP EPS of $(0.06) falling short of the $0.01 estimate by 700%. Sales also missed estimates slightly but showed a year-over-year increase.
The significant miss on EPS and slight miss on sales estimates are likely to negatively impact APEI's stock price in the short term. Despite the year-over-year sales increase, the market is expected to react more strongly to the earnings miss.
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IMPORTANCE 80
RELEVANCE 100