NEW YORK (TheStreet) -- Shares of DeVry Education Group (DV)  were jumping 13.86% to $24.98 in late-afternoon trading on Friday as the educational services provider posted 2016 fourth quarter earnings and revenue that exceeded analysts' projections. 

After yesterday's closing bell, DeVry reported earnings of 65 cents per share, above consensus estimates of 60 cents per share. Revenue came in at $471.7 million, surpassing Wall Street's forecasts of $461.9 million.

In the 2015 fourth quarter, the company posted earnings of 38 cents per share and $441.4 million in revenue. 

The number of new students who enrolled in 2016 fell 22.9% year-over-year to 8,269, compared to 10,726 in the prior year. 

For the 2017 first quarter, DeVry said it forecasts revenue to increase in the range of 1% to 2%. DeVry added that it sees fiscal 2017 revenues as flat compared to 2016.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:

We rate DEVRY EDUCATION GROUP INC as a Hold with a ratings score of C+. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself.

You can view the full analysis from the report here: DV

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