NYSE$CVSA

Covista Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Adtalem's Q1 2022 performance was reported, with revenue and operating income meeting expectations, and full-year guidance reaffirmed.

Adtalem Global Education reported a 29.9% increase in revenue to $348.3 million, driven by the acquisition of Walden University. However, the company experienced a net loss of $58.0 million, compared to a net income of $19.9 million in the prior year, due to higher interest expense and acquisition-related costs. The company reaffirmed its full-year revenue and earnings guidance.

  • Revenue increased by 29.9% to $348.3 million due to the Walden University acquisition.
  • Excluding Walden, revenue increased by 4.3% to $279.7 million.
  • The company reported a net loss of $58.0 million, compared to a net income of $19.9 million in the prior year.
  • Adtalem reaffirmed its full-year revenue and earnings guidance.

Headline financials

Total Revenue

$348M

Previous: $268M+29.9%
EPS (adj)

$0.62

Previous: $0.78-20.5%
Total Students

84.9K

No prior period
Capital Expenditures

-$7.32M

Previous: -$14.4M+49.3%
Free Cash Flow

-$65.3M

Previous: $5.49M-1290.6%
Net Income

-$58M

Previous: $19.9M-391.0%
Operating Income

-$4.73M

Previous: $45.9M-110.3%
Gross Profit

$185M

Previous: $155M+19.8%
Cash & Equivalents

$360M

Previous: $561M-35.8%
Total Assets

$3.77B

Previous: $2.33B+61.7%
Stock-Based Comp

$9.71M

Previous: $4M+142.5%

Revenue & EPS history

Adtalem · Revenue · Quarterly

$348M

Q1 2022+29.9%vs Q1 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Adtalem · $289M total across 3 segments · Q1 2022

  • Chamberlain
    $136M
  • Medical and Veterinary
    $84.8M
  • Walden
    $68.6M

Forward guidance

Adtalem reaffirmed its previous guidance for the full fiscal year 2022, expecting adjusted revenue, excluding special items, to be within the range of $1,685 million and $1,735 million, and adjusted diluted earnings per share of $4.20 to $4.45 from continuing operations, excluding special items.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.7%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+0.7%

Avg return

30 days after

43%

29 / 67 earnings

Positive

+22.8%

Q1 2013

Best reaction

-33.2%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+13.2%+10.2%+8.0%
Q2 2026-7.8%-14.2%-15.5%
Q1 2026-33.2%-31.2%-34.7%
Q3 2025+16.4%+11.9%+10.7%
Q2 2025+4.6%+7.5%-0.1%
Q1 2025+12.0%+8.7%+23.8%
Q4 2024-7.3%-2.1%-2.2%
Q3 2024+18.9%+24.8%+27.5%
Q2 2024-13.9%-17.5%-15.6%
Q1 2024+12.5%+16.6%+29.4%
Q4 2023-1.1%-4.0%-0.8%
Q3 2023+4.5%+2.0%+2.4%
Q2 2023+13.7%+3.1%+2.2%
Q1 2023+2.4%+6.9%-2.1%
Q4 2022-3.1%-2.6%-2.8%
Q3 2022+6.4%+10.9%+17.5%
Q2 2022-12.7%-16.0%-15.2%
Q1 2022-12.9%-6.0%-16.6%
Q4 2021+1.3%+0.3%+11.8%
Q3 2021-6.9%-8.3%-1.3%
Q2 2021+0.1%+0.9%-2.8%
Q1 2021+3.7%+11.0%+16.6%
Q4 2020-4.4%-6.5%-25.9%
Q3 2020+3.7%+9.8%+11.5%
Q2 2020+3.1%-3.0%-14.9%
Q1 2020-19.2%-16.8%-7.8%
Q4 2019-12.5%-14.6%-20.9%
Q3 2019-7.6%-9.0%-11.4%
Q2 2019-3.3%-3.6%-4.1%
Q1 2019+4.3%+10.7%+14.0%
Q4 2018-15.8%-13.5%-20.0%
Q3 2018-5.7%-3.0%+1.4%
Q2 2018+7.1%+3.7%+12.3%
Q1 2018-2.7%+1.1%+9.7%
Q4 2017+4.3%+4.0%+8.1%
Q3 2017-0.8%+5.0%+0.5%
Q2 2017-0.5%-3.0%+0.2%
Q1 2017+1.8%+1.5%+31.5%
Q4 2016+17.7%+11.8%+4.3%
Q3 2016+17.3%
Q2 2016-14.2%
Q1 2016-2.3%
Q4 2015-7.7%
Q3 2015-15.9%
Q2 2015-17.9%
Q1 2015+0.8%
Q4 2014-3.2%
Q3 2014+13.0%
Q2 2014-2.6%
Q1 2014+6.2%
Q4 2013-9.5%
Q3 2013-17.6%
Q2 2013+19.1%
Q1 2013+22.8%
Q4 2009-2.2%
Q4 2012-2.3%
Q3 2012-0.4%
Q2 2012-8.5%
Q1 2012-0.8%
Q4 2011+4.7%
Q3 2011-1.4%
Q3 2010-1.4%
Q2 2010+0.0%
Q2 2011+0.0%
Q4 2010-1.1%
Q1 2010-1.1%
Q1 2011-1.1%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro