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Perdoceo Education (PRDO)
NASDAQ:PRDO
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.45Last Year’s EPS
0.26Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: 10.42%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Positive
The earnings call showcased strong student retention and engagement, significant enrollment growth, and a strategic acquisition in the health sciences field. Despite a decline in revenue and lower operating income at AIU System, the overall financial outlook remains positive with a strong cash position and expectations of future growth.Company Guidance
During Perdoceo Education Corporation's third-quarter 2024 earnings call, several key metrics and updates were provided. The company reported a net income of $38.3 million, or $0.57 per diluted share, surpassing their outlook of $0.52 to $0.54 per share. Adjusted earnings per diluted share were $0.59. Total enrollments grew by 13.6% at CTU and 4% at AIUS. The company also highlighted a pending acquisition of the University of St. Augustine, expected to enhance their offerings in the health sciences field and be accretive to adjusted operating income by 2025. The full-year 2024 adjusted operating income is now anticipated to range between $188 million and $191 million, with adjusted earnings per diluted share expected between $2.25 and $2.28. Additionally, the company ended the quarter with $722.6 million in cash and equivalents, with a year-to-date cash flow from operations of $144 million.Strong Student Retention and Engagement
High levels of student retention and engagement at both CTU and AIUS, with retention remaining at multiyear highs.
Record Net Income
Reported net income of $38.3 million or $0.57 per diluted share, exceeding expectations.
Enrollment Growth
Total enrollments for the third quarter grew 13.6% at CTU and 4% at AIUS, with expectations of continued growth.
Pending Acquisition of University of St. Augustine
The acquisition will significantly increase the number of students in the health sciences field and is expected to be accretive to adjusted operating income beginning in 2025.
Cash and Financial Position
Ended the quarter with $722.6 million in cash, cash equivalents, and short-term investments, an increase of $118.4 million from the end of last year.
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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 |
|---|---|---|---|
| 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% |
| Feb 21, 2024 | $16.62 | $16.68 | +0.36% |
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 Feb 19, 2025, TBA Not Confirmed.
What is Perdoceo Education (PRDO) earnings time?
Perdoceo Education (PRDO) earnings time is at Feb 19, 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 2024 (Q4) is 0.45.
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