Shares of DeVry Education Group, operating as Adtalem Global Education, surged 6.42% in pre-market trading on Friday after the company reported strong fiscal Q2 2025 results that topped expectations and raised its full-year guidance.

For Q2, Adtalem's revenue grew 13.9% year-over-year to $447.7 million, beating consensus estimates of $429.3 million. Total student enrollment jumped 11.6% to over 91,000 students. Adjusted earnings per share came in at $1.81, well above the $1.37 expected by analysts.

Driven by the impressive performance, Adtalem raised its fiscal 2025 revenue guidance to $1.73 billion - $1.76 billion from the prior $1.69 billion - $1.73 billion range. Adjusted EPS guidance was lifted to $6.10 - $6.30 from $5.75 - $5.95 previously.

Adtalem's "Growth with Purpose" strategy is paying off through improved marketing efficiency, higher enrollment conversions, and better student persistence across its institutions. Executives highlighted momentum in online nursing programs, social work degrees, and partnerships integrating AI into healthcare education.

Following the strong results, Baird raised its price target on ATGE to $124 from $111 while maintaining an Outperform rating. Analysts applauded the company's execution and operational excellence during the earnings call.