NYSE$CVSA

Covista Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Adtalem's Q4 results were impacted by COVID-19, but the company transitioned students to online platforms and enhanced its portfolio.

Adtalem Global Education reported a decrease in revenue and operating income for the fiscal fourth quarter of 2020, primarily due to the negative impacts of the COVID-19 pandemic. However, the company successfully transitioned a significant number of students to online platforms and continued to strategically position itself for future growth.

  • Revenue decreased by 1.7% compared to the prior year, reflecting negative impacts from the COVID-19 pandemic.
  • Diluted loss per share was $4.86, compared to diluted earnings per share of $0.86 in the prior year.
  • Operating income from continuing operations was $21.7 million, compared to $54.8 million in the prior year.
  • Net loss attributable to Adtalem was $256.1 million, driven by a loss from discontinued operations of $327.6 million.

Headline financials

Total Revenue

$260M

Previous: $330M-21.4%
EPS (adj)

$0.58

Previous: $0.97-40.2%
Total Students

38.6K

Previous: 36.1K+6.9%
Capital Expenditures

$12.2M

Previous: $13.9M-12.2%
Free Cash Flow

-$10M

Previous: $62.4M-116.1%
Net Income

-$256M

Previous: $49.5M-617.5%
Operating Income

$21.7M

Previous: $71.9M-69.8%
Gross Profit

$144M

Previous: $170M-15.5%
Cash & Equivalents

$501M

Previous: $204M+145.1%
Total Assets

$2.23B

Previous: $2.24B-0.6%
Stock-Based Comp

$3.26M

Previous: $2.85M+14.3%

Revenue & EPS history

Adtalem · Revenue · Quarterly

$260M

Q4 2020-21.4%vs Q4 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Adtalem · $369M total across 3 segments · Q1 2024

  • Chamberlain
    $143M+5.3%
  • Walden
    $142M+8.2%
  • Medical and Veterinary
    $84.6M-4.1%

Forward guidance

Due to continued uncertainty surrounding the full impact of the COVID-19 pandemic, Adtalem will not be providing guidance for fiscal year 2021 at this time. Over the long-term, the company remains confident in its ability to generate meaningful growth in revenue and earnings and to continue to deliver shareholder value.

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 Q4 2020

Historical avgQ4 2020

-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