NEW YORK (TheStreet) -- DeVry Education Group (DV) shares are up 15.5% to $46.63 on Friday following the release of the company's third quarter earnings results.
Net income for the quarter was $55.5 million, or 86 cents per share, beating analysts consensus estimates by 11 cents.
The educational services provider reported a 1.5% year over year quarterly decrease in revenues to $496.1 million, in line with analysts consensus revenue guidance for the quarter.
Must Read: Warren Buffett's 10 Favorite Growth Stocks
TheStreet Ratings team rates DEVRY EDUCATION GROUP INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate DEVRY EDUCATION GROUP INC (DV) a HOLD. 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 largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow."
Highlights from the analysis by TheStreet Ratings Team goes as follows: