Phoenix Education Partners Inc. (NYSE:PXED) announced its third‑quarter results for the period ended May 31, 2026, prompting a 12.7% decline in its share price. The company posted adjusted earnings per share of $1.43, missing the analyst consensus of $1.57 by $0.14. Revenue was $271.8 million, essentially unchanged from $271.7 million in the comparable quarter of the prior year.
For fiscal year 2026, Phoenix Education Partners provided revenue guidance of $1.02 billion to $1.025 billion, with a midpoint of $1.0225 billion, which is below the consensus estimate of $1.026 billion. Adjusted EBITDA for the quarter declined to $78.1 million from $83.4 million a year earlier, and the company forecast adjusted EBITDA for FY 2026 to be in the range of $246.0 million to $250.0 million.
The University of Phoenix’s average total degreed enrollment reached 85,300 students, a modest increase from 84,800 in the third quarter of 2025. GAAP net income attributable to Phoenix Education Partners fell to $39.2 million, or $1.01 per diluted share, compared with $53.8 million, or $1.42 per diluted share, in the year‑ago quarter. The decline was attributed to share‑based compensation related to the company’s initial public offering, higher advertising expenses, and increased strategic alternatives, restructuring and other expenses.
The Board of Directors approved a regular cash dividend of $0.21 per share, payable on August 14, 2026. During the quarter, the company repurchased 0.1 million shares for $4.0 million under its $50 million share‑repurchase program.