Published on 22 Nov 2022 on Zacks via Yahoo Finance
Adtalem (ATGE) Rises 36.7% YTD Amid Low Enrollment Environment
Adtalem Global Education Inc. ATGE has been benefiting from operational efficiency and the realization of cost synergies associated with the Walden integration amid challenges associated with the higher education industry.Shares of this leading healthcare education provider and workforce solutions innovator have gained 36.7% year to date, outperforming the Zacks Schools industry’s 0.2% decline.Adding ATGE stock to the portfolio will not disappoint investors as it possesses a solid VGM Score of A, along with a strong long-term earnings growth rate of 15%. Also, the earnings for fiscal 2023 are expected to register 25.9% growth from fiscal 2022.However, COVID-related headwinds and a challenging macro environment marked by high inflation and a tight labor market are major concerns.
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