ASX:IELConsumer Services
IDP Education (ASX:IEL) Shares Confront Margin Squeeze After Profit Slump
Investors came into IDP Education with a premium P/E and a campus counselling success story in mind. The stock is now trading at A$1.76 after a weak run over 3 and 12 months, and the latest earnings did little to calm nerves. The headline is margin pressure. Full year revenue reached A$795.4m on a trailing basis; however, net income from continuing operations was only A$13.3m as a one off loss of A$36.2m dragged profitability lower.
Is IDP Education now a high multiple stock with thin...