Phoenix Education Q3 Miss Sends Shares Tumbling Wednesday
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PHOENIX — Phoenix Education Partners reported fiscal third-quarter results on Tuesday for the quarter ended May 31, posting adjusted earnings per share of $1.43 and revenue of $271.8 million. Adjusted EBITDA declined to $78.1 million and GAAP net income was $39.2 million, while average total degreed enrollment rose slightly to 85,300 students.
The company issued fiscal 2026 revenue guidance of $1.02 billion to $1.025 billion with a midpoint of $1.0225 billion, below the cited analyst consensus; shares fell about 12.7% after the announcement. WTOP noted Zacks' lower estimates that showed a beat on their survey figures, and analysts and markets are assessing revisions this week.
Timeline
- 1. Quarter ended May 31, 2026: Phoenix compiles Q3 performance data.
- 2. Early July 2026: Company prepares and finalizes Q3 financial release and guidance.
- 3. Tuesday, July 2026: Phoenix publicly reports Q3 results and issues fiscal 2026 revenue guidance.
- 4. Immediately after release: Market reacts with approximately 12.7% decline in PXED shares.
- 5. Following reaction: Analysts and data providers update estimates and coverage in the days after the release.
Sources
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