American Public Education reports Q2 EPS (6c), consensus 1c

Reports Q2 revenue $152.9M, consensus $154.09M. Q3 enrollments at Rasmussen increased slightly compared to Q3 2023, the first year over year increase since the acquisition of Rasmussen. “I am very pleased with the progress we continue to make with the stabilization of Rasmussen, resulting in third quarter 2024 total enrollments slightly above Q3 of 2023, due to improving trends within both Rasmussen’s on-Ground and online units,” said Angela Selden, President and CEO of APEI. “In the second quarter of 2024, with APUS delivering continued growth in quarterly total registrations and Hondros reaching an all-time high level of nursing enrollments, APEI delivered Adjusted EBITDA near the mid-point of the projected range.”