Covista sets October 29 date for fiscal 2027 first-quarter results
Key Facts
Covista set Thursday, October 29, 2026, as the date to report results for the first quarter of its fiscal 2027 after the market close, with the company scheduled to hold a call to discuss the results the same day, according to an investor relations announcement. The expected date resolves confusion in the previous draft, which described the figures in circulation as third-quarter results. EL7 data showed CVSA shares closed at $126.5 on October 28, the eve of the announcement. In the first quarter of fiscal 2026, the company reported revenue of $462.3 million and adjusted earnings per share of $1.75. Revenue rose 10.8% year over year at the time, while adjusted earnings per share grew 35.7%.
Results for the first quarter of fiscal 2026 provide a baseline for comparison with the upcoming report: revenue was $462.3 million, up 10.8% from the same period. Adjusted earnings per share were $1.75, a year-over-year increase of 35.7%, according to the company’s quarterly results page. In the third quarter of fiscal 2026, revenue reached $487.0 million, with reported annual growth of 4.5%. The company said growth would have been 8.4% after adjusting for the impact of a one-week academic-calendar shift at Walden. The adjustment highlights the effect of academic-calendar timing on quarterly revenue growth.
On the demand side, total enrollment reached 100,585 in the third quarter of fiscal 2026, up 6.8% year over year. Covista said that marked the eleventh consecutive quarter of growth in total enrollment. This series provides an operating indicator alongside revenue and earnings per share when assessing the company’s results. In the fourth quarter of fiscal 2026, adjusted earnings per share were $2.09, compared with $1.66 in the same period of the previous fiscal year. These figures show year-over-year improvement in adjusted profitability in that quarter, while the comparison period differs from the first-quarter results due on October 29.
Covista raised its fiscal 2026 outlook in May 2026 to revenue of between $1,930 million and $1,945 million and adjusted earnings per share of between $7.95 and $8.15. It then announced its fiscal 2027 outlook in August, setting revenue at between $2,050 million and $2,090 million and adjusted earnings per share at between $8.90 and $9.15. Chief Executive Steve Beard said financial performance had enabled the company to provide fiscal 2027 guidance, adding that the company was “ahead of where we expected to be on our long-term goals.” The guidance provides a framework for comparing upcoming actual results with management’s stated targets. Results for the first quarter of fiscal 2027 are scheduled for release after the market close on October 29, 2026, with the company’s call to discuss them taking place the same day.