Phoenix Education Partners, Inc. (PXED)
NYSE:PXED
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Earnings Data
Report Date
Nov 19, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
―Last Year’s EPS
1.04Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed predominantly positive operational momentum: stronger retention, modest enrollment growth, expanding adjusted EBITDA and margins, a healthier balance sheet, B2B channel expansion, and tangible AI-driven efficiency gains. However, near-term headwinds remain — a slight decline in Q2 net revenue, marketing funnel disruption from search/AI algorithm changes that pressure revenue timing, and materially higher share-based compensation that reduced GAAP net income. Management reiterated full-year guidance while signaling revenue may trend toward the lower end but expects adjusted EBITDA to trend toward the upper end. On balance, the positives around retention, margin expansion, liquidity and strategic investments outweigh the near-term revenue and expense challenges.Company Guidance
Enrollment Growth and Strong Retention
Average total degreed enrollment rose 1.8% in Q2 to ~82,600 (from 81,100) and was up 2.9% for the first 6 months to ~84,100 (from 81,700). Retention from the most recent annual cohort improved to 76.6%, up ~500 basis points year-over-year, driving enrollment quality and lower bad debt.
Adjusted EBITDA Expansion
Adjusted EBITDA increased 7.8% year-over-year in Q2 to $34.8 million (from $32.3M). For the first 6 months adjusted EBITDA rose 7.4% to $110.0 million (from $102.4M). Adjusted EBITDA margin expanded to 15.7% in Q2 (from 14.5%) and 22.7% for the first 6 months (up 130 bps).
Solid Cash Position and No Debt
Total cash, cash equivalents and marketable securities were ~$252.1 million as of Feb 28, 2026, up from $194.8 million at prior fiscal year-end (approximately +29.4%), with no outstanding debt and strong operating cash generation (~$80M generated year-to-date).
Employer-Affiliated (B2B) Channel Momentum
Employer-affiliated students comprised 35% of total enrollment in Q2, up from 31% year-over-year, representing over one-third of enrollment and higher retention/durability versus B2C students.
Technology and AI Investments Driving Efficiency
Meaningful progress deploying AI across the university (AI-assisted onboarding, 24/7 support, adviser productivity, transcript evaluation improvements). Management attributes part of margin expansion and retention improvement to these technology-enabled efficiencies.
Student Satisfaction and Skill Credentials
University outperformed national benchmarks on the Ruffalo Noel Levitz online learner survey: 85% of students reported being very satisfied or satisfied vs 73% national average. Over 1 million employer-informed digital skill badges have been issued; 79% of surveyed students reported confidence applying AI tools in real-world scenarios.
Capital Return and Allocation Actions
Board authorized a $50 million share repurchase program and declared a quarterly dividend of $0.21 per share (targeting ~$0.84 annually subject to Board approval), while reaffirming capital priorities: invest in students/technology, maintain strong balance sheet, and return capital.
Full-Year Guidance Reiterated with Confident EBITDA Outlook
Management reiterated FY2026 net revenue guidance of $1.025B–$1.035B and adjusted EBITDA guidance of $244M–$249M, indicating confidence in reaching the upper end of the adjusted EBITDA range despite anticipating revenue toward the lower end.
PXED Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PXED Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 07, 2026 | $31.04 | $30.79 | -0.81% |
Jan 13, 2026 | $31.49 | $28.19 | -10.47% |
Nov 20, 2025 | $30.16 | $31.02 | +2.83% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Phoenix Education Partners, Inc. (PXED) report earnings?
Phoenix Education Partners, Inc. (PXED) is schdueled to report earning on Nov 19, 2026, After Close (Confirmed).
What is Phoenix Education Partners, Inc. (PXED) earnings time?
Phoenix Education Partners, Inc. (PXED) earnings time is at Nov 19, 2026, After Close (Confirmed).
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What is PXED EPS forecast?
Currently, no data Available