Grand Canyon Education eyes best day in over 3.5 years on Q3 profit beat

Grand Canyon Education

28/10/2022 19:37

** Education services provider Grand Canyon Education Inc's
shares  LOPE.O  jump 13.89% to $99.48, set for biggest one-day
pct. gain since Feb. 2019
    ** Co reports adj. earnings of $1.02/shr vs IBES Refinitiv
estimates of $0.87/shr; beats EPS estimates for seven out of 10
quarters
    ** BMO raises PT to $98 from $94; says co delivered
better-than-expected margins, and enrollments were not as bad as
expected
    ** Three of four brokerages rate the stock "buy" or higher
and one "hold"; their median PT is $104 -Refinitiv data
    ** Including session's gains, stock has risen 15.6% YTD
 (Reporting by Shristi  Achar A in Bengaluru)
 ((Shristi.AcharA@thomsonreuters.com;))