What Happened?

Shares of vocational education company Adtalem Global Education (NYSE:ATGE) jumped 7.8% in the morning session after the company reported strong fourth-quarter results, with revenue and EPS both beating convincingly, helped by strong student enrollment growth. Looking ahead, the company lifted its full-year revenue guidance, which is now above expectations. Full-year EPS also came in ahead. Zooming out, we think this was a very good quarter with some key areas of upside.

After the initial pop the shares cooled down to $107.29, up 4.8% from previous close.

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What The Market Is Telling Us

Adtalem’s shares are not very volatile and have only had 7 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

Adtalem is up 15.6% since the beginning of the year, and at $107.29 per share, has set a new 52-week high. Investors who bought $1,000 worth of Adtalem’s shares 5 years ago would now be looking at an investment worth $3,107.

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