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

Perdoceo Education

03/11/2023 16:14

* Perdoceo Education Corp  PRDO.OQ  reported quarterly
adjusted
earnings of 64 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 39 cents.  The lone analyst forecast for
the quarter was for earnings of 49 cents per share. 
    * Revenue rose 6.8% to $179.92 million from a year ago;
analysts
expected $167.58 million. 
    * Perdoceo Education Corp's reported EPS for the quarter was
62
cents​.
    * The company reported quarterly net income of $41.31
million.
    * Perdoceo Education Corp shares had risen by 8.4% this
quarter and gained 33.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * 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 November 3 at
04:14 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.49           0.64           Beat
 Jun. 30 2023      0.52           0.61           Beat
 Mar. 31 2023      0.56           0.58           Beat
 Dec. 31 2022      0.28           0.31           Beat