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DeVry University Introduces Innovative Extended Classrooms

Zacks Equity Research
Updated

DeVry University, part of DeVry Education Group DV, has developed new innovative methods for its extended classrooms. Students and professors will now be able to interact and take part in the learning sessions and complete group projects from different campus locations.

Facilities like live video, audio and display screens, interactive whiteboards, voice-activated motion cameras and wireless content sharing make this possible.

The company has been witnessing a persistent decline in enrollments at DeVry University, which accounts for a major portion of its revenues. DeVry University starts have been declining for several years now and are expected to remain a challenge over the near term as prospective students are reluctant to incur debts for higher degree. The competitive landscape also remains intense.

DeVry University recorded revenues of $120.9 million in the first quarter of fiscal 2017, down 24.2% year over year owing to continued enrollment declines in the July and September sessions.

The company is undertaking several student-focused initiatives at DeVry University to return to growth. Such initiatives are expected to help the university draw students and return to growth.

Management believes that this reinvented classroom experience will provide students the skills required in today’s increasingly virtual and tech-enabled workplace and instill important virtual collaboration skills.

Investors should note that DeVry’s shares gained over 47% in the last six months, compared to the 15.4% rally of the Zacks categorized Schools industry. The company also beat earnings estimates in all of the past four quarters.



Estimates for this Zacks Rank #3 (Hold) stock moved up 2.8% for the current year and remained stable for the current year in the last 60 days. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

Upcoming Peer Releases

Capella Education Co. CPLA is slated to release its quarterly numbers on Feb 14.

Strayer Education Inc. STRA is slated to report its quarterly results on Feb 16 while American Public Education, Inc. APEI will release its numbers on Feb 16.

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American Public Education Inc. (APEI): Free Stock Analysis Report
 
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