WEY has delivered an impressive set of results this morning, significantly ahead YoY, meaningfully outpacing our expectations on the revenue, profit and EPS lines. With strong revenue growth of 38% feeding through to 103% EBITDA growth and adj. EPS up 100%, the inherent efficiency of the model, supported by rising student numbers, is manifest. Educating ‘3,000' students, WEY is larger than any UK secondary school. Moreover, while providing a collegiate, online education, WEY is a clear benefic ....
10 Nov 2020
WHI Morning Comment: WEY Education (WEY) - Double-digit forecast beat signals demand growth and accelerating momentum
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WHI Morning Comment: WEY Education (WEY) - Double-digit forecast beat signals demand growth and accelerating momentum
- Published:
10 Nov 2020 -
Author:
Matthew Davis | Nick Spoliar -
Pages:
5
WEY has delivered an impressive set of results this morning, significantly ahead YoY, meaningfully outpacing our expectations on the revenue, profit and EPS lines. With strong revenue growth of 38% feeding through to 103% EBITDA growth and adj. EPS up 100%, the inherent efficiency of the model, supported by rising student numbers, is manifest. Educating ‘3,000' students, WEY is larger than any UK secondary school. Moreover, while providing a collegiate, online education, WEY is a clear benefic ....