Perdoceo Education Corp reports results for the quarter ended in March - Earnings Summary

Perdoceo Education

02/05/2024 12:36

* Perdoceo Education Corp  PRDO.OQ  reported quarterly
adjusted
earnings of 60 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 58 cents.  The lone analyst forecast for the
quarter was for earnings of 53 cents per share. 
    * Revenue fell 14% to $168.26 million from a year ago;
analysts
expected $163.32 million. 
    * Perdoceo Education Corp's reported EPS for the quarter was
59
cents​.
    * The company reported quarterly net income of $39.44
million.
    * Perdoceo Education Corp shares had risen by 4.4% this
quarter.

FORECAST CHANGES
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 1 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the miscellaneous
educational service providers peer group is also "strong buy"

Wall Street's median 12-month price target for Perdoceo
Education Corp is $23.00 
This summary was machine generated from LSEG data May 2 at 11:36
a.m. UTC. ​All figures in US dollars unless otherwise stated.
(For questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.53           0.60           Beat
 Dec. 31 2023      0.23           0.27           Beat
 Sep. 30 2023      0.49           0.64           Beat
 Jun. 30 2023      0.52           0.61           Beat