Published on 21 Mar 2024 on Zacks via Yahoo Finance
Solid Enrollment Growth Aids Adtalem's (ATGE) Performance
Adtalem Global Education Inc. ATGE is benefiting from solid enrollment growth and cost-saving initiatives. Also, its focus on long-term sustainability and growth and strategic partnerships bode well.Shares of this Zacks Rank #1 (Strong Buy) company have increased 7.4% in the past month compared with the Zacks Schools industry’s 2% growth. Earnings estimates for 2024 have increased to $4.64 per share from $4.31 in the past 60 days. This positive trend signifies bullish analysts’ sentiments, indicating robust fundamentals and the expectation of outperformance in the near term.This leading healthcare education provider has a long-term earnings growth rate of 15%, which highlights its inherent strength. The company’s 2024 earnings and sales are likely to witness growth of 10.2% and 6.4% year over year, respectively.
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