Stock Track | DeVry Education Soars on Upbeat Earnings and Analyst Optimism

Stock Track

Oct 30, 2024

Shares of DeVry Education, also known as Adtalem Global Education (ATGE), surged by 5.69% on October 30, 2024, as the company benefited from a combination of strong quarterly results and positive analyst sentiment.

The education provider reported better-than-expected earnings for the quarter ended September 30, 2024. Adtalem Global Education posted adjusted earnings per share of $1.29, surpassing analysts' average estimate of $1.14. Moreover, the company's revenue rose 13.2% year-over-year to $417.4 million, exceeding Wall Street's expectations of $397.7 million.

The robust financial performance was complemented by a positive analyst action from Barrington. Analyst Alexander Paris raised the firm's price target on Adtalem Global Education to $95 from $90, while reiterating an Outperform rating on the stock. Paris's bullish stance likely provided an additional boost to the company's shares on the day.

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Adtalem Global Education posted adjusted earnings per share of $1.29, surpassing analysts' average estimate of $1.14. Moreover, the company's revenue rose 13.2% year-over-year to $417.4 million, exceeding Wall Street's expectations of $397.7 million.</p>\n\n<p>The robust financial performance was complemented by a positive analyst action from Barrington. Analyst Alexander Paris raised the firm's price target on Adtalem Global Education to $95 from $90, while reiterating an Outperform rating on the stock. Paris's bullish stance likely provided an additional boost to the company's shares on the day.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ATGE","symbol_name":"DeVry Education Group Inc","start_time":0,"source_url":"","article_id":"1140761505","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1140761505","pubTimestamp":1730295754,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of DeVry Education, also known as Adtalem Global Education , surged by 5.69% on October 30, 2024, as the company benefited from a combination of strong quarterly results and positive analyst sentiment.The education provider reported better-than-expected earnings for the quarter ended September 30, 2024. 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