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Cengage Learning Holdings II Inc (CNGO)
OTHER OTC:CNGO
Holding CNGO?
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
―Last Year’s EPS
-0.67Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 9.86%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Neutral
The earnings call reflected a strong financial performance with significant EBITDA growth and cash flow improvements, driven by digital and U.S. Higher Education momentum. However, sales timing effects and a considerable goodwill impairment in InfoSec posed challenges.Company Guidance
In the Cengage Group's Q2 2025 earnings call, the company affirmed its guidance for fiscal 2025, projecting robust revenue growth and strong double-digit EBITDA growth. First half revenues remained flat at $841 million compared to the previous year, but EBITDA rose by 8% to $323 million, highlighting significant margin expansion. The U.S. Higher Ed business showed a 3% improvement in first half revenues, while the ed2go segment saw first half revenue growth of 20%. The InfoSec business also experienced a 4% revenue increase. Overall, Cengage achieved a trailing 12-month EBITDA of $485 million, up 6%, with digital net sales reaching $1.15 billion, which now represents 77% of total sales. The company maintains a healthy liquidity position with $247 million in cash and aims to reduce net leverage to 2.5x or lower by the end of the fiscal year.Strong EBITDA Growth
First half EBITDA increased by 8% to $323 million, showcasing margin expansion despite flat revenue.
U.S. Higher Education Growth
U.S. Higher Education business saw a 3% revenue increase to $309 million, with expectations of accelerating growth.
Cengage Work Revenue Surge
Cengage Work's revenue increased by 15% in the first half, driven by a 20% growth in ed2go and a 4% increase in InfoSec.
Continued Digital Sales Momentum
Trailing 12-month digital net sales reached $1.15 billion, up 4%, now representing 77% of total sales.
Cash Flow Improvement
First half unlevered free cash flow more than doubled to $128 million, driven by EBITDA growth and working capital efficiencies.
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CNGO Earnings History
Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release | Slides | Play Transcript |
|---|---|---|---|---|---|---|---|
| Aug 01, 2018 | 2019 (Q1) | -0.476 | -134.24% (-0.64) | ― | ― | ||
| Nov 07, 2018 | 2019 (Q2) | 0.909 | ― | ― | ― | ||
| Feb 15, 2019 | 2019 (Q3) | 0.418 | -282.78% (-1.18) | ― | ― | ||
| Jun 07, 2019 | 2019 (Q4) | -0.88 | 70.68% (+0.62) | ― | ― | ||
| Aug 07, 2019 | 2020 (Q1) | -1.115 | 4.57% (+0.05) | ― | ― | ||
| Nov 15, 2019 | 2020 (Q2) | ― | ― | ― | ― | ||
| Feb 13, 2020 | 2020 (Q3) | -0.764 | -42.67% (-0.33) | ― | ― | ||
| Jun 18, 2020 | 2020 (Q4) | -0.258 | -4875.19% (-12.58) | ― | ― | ||
| Aug 13, 2020 | 2021 (Q1) | -1.064 | 7.33% (+0.08) | ― | ― | ||
| Nov 12, 2020 | 2021 (Q2) | 0.187 | 86.10% (+0.16) | ― | ― |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CNGO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $17.75 | $19.50 | +9.86% |
| Aug 08, 2024 | $17.75 | $17.75 | 0.00% |
| Jun 06, 2024 | $17.75 | $17.75 | 0.00% |
| Feb 08, 2024 | $9.75 | $9.75 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cengage Learning Holdings II Inc (CNGO) report earnings?
Cengage Learning Holdings II Inc (CNGO) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Cengage Learning Holdings II Inc (CNGO) earnings time?
Cengage Learning Holdings II Inc (CNGO) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CNGO EPS forecast?
Currently, no data Available
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