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Perdoceo Education (PRDO)
NASDAQ:PRDO
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.61Last Year’s EPS
0.59Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 18, 2025
|% Change Since: -5.69%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance with strategic growth through acquisitions and improved student engagement metrics. Despite a year-over-year revenue decline, the company achieved significant enrollment growth and operating income. The acquisition of St. Augustine is expected to further enhance future performance. However, potential challenges from changes in student loan initiatives were noted.Company Guidance
During the fourth quarter and full-year 2024 earnings call, Perdoceo Education Corporation provided guidance on various metrics for 2025. They reported a net income of $31.5 million for the fourth quarter, with adjusted earnings per diluted share at $0.50. For the full year, net income was $147.6 million, translating to $2.19 per diluted share, and adjusted earnings per share reached $2.29. The company highlighted strong enrollment growth, with total student enrollments increasing by 8.1% at CTU and 11.8% at AIU System, leading to an overall revenue increase in the fourth quarter. They announced a strategic acquisition of the University of St. Augustine for Health Sciences, which is expected to be accretive to operating income in 2025, contributing to a projected adjusted operating income range of $215 million to $235 million. Anticipated revenue growth is underpinned by sustained student retention and engagement, with expectations of further increase in corporate engagements and prospective student interest. The company also returned $38.5 million to shareholders through dividends and stock buybacks in 2024 and has plans to continue dividends as part of their capital allocation strategy.Acquisition of University of St. Augustine
Successfully completed the acquisition of the University of St. Augustine for Health Sciences, expanding into the health sciences field and expected to be accretive to operating income in 2025 and 2026.
Enrollment Growth
Total student enrollments increased by 8.1% at CTU and 11.8% at AIU System, driven by strong student retention, engagement, and increased levels of prospective student interest.
Record Operating Income
Full-year operating income of $174.3 million was $23.8 million higher compared to the prior year, with adjusted operating income increasing by 9.9%.
Shareholder Returns
Returned $38.5 million to shareholders through dividends and stock buybacks, with an expected continued focus on returning cash to shareholders.
Fourth Quarter Revenue Growth
Fourth quarter revenue increased by 12.5%, driven by strong student retention and engagement.
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PRDO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PRDO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 18, 2025 | $28.81 | $27.11 | -5.90% |
| Nov 12, 2024 | $24.75 | $27.83 | +12.44% |
| Jul 31, 2024 | $24.53 | $24.33 | -0.82% |
| May 01, 2024 | $18.06 | $23.74 | +31.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Perdoceo Education (PRDO) report earnings?
Perdoceo Education (PRDO) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Perdoceo Education (PRDO) earnings time?
Perdoceo Education (PRDO) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PRDO EPS forecast?
PRDO EPS forecast for the fiscal quarter 2025 (Q1) is 0.61.
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