Education services stocks beat Q1 revenue estimates by 1.9%

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Summary · why it matters

Consumer discretionary education services stocks reported strong first-quarter results, with aggregate revenues beating analyst consensus estimates by 1.9%. Bright Horizons posted revenue of $712.2 million, up 7% year on year and in line with expectations, but its stock fell 14% after reporting. Lincoln Educational led the group with revenue of $144 million, a 22.5% increase that beat estimates by 5.7%, and its stock rose 15.1%. Strategic Education was the weakest performer, with flat revenue of $305.9 million missing estimates by 1.2%, and its stock declined 5.7%. Laureate Education and Covista also beat revenue expectations, with shares up 20.7% and 8.9% respectively.

Impact on assets 5

Consumer Discretionary± Mixed · 5 stocks
Covista Inc.
CVSA
▲ PositiveCapitalrelevance

Beat revenue expectations and shares rose 8.9%.