earnings
confidence high
sentiment neutral
materiality 0.75
Perdoceo Q3 revenue down 5.6% to $169.8M; EPS $0.57; enrollments up 11%; acquisition on track
PERDOCEO EDUCATION Corp
2024-Q3 EPS reported
$1.73
revenue$504,832,000
- Revenue $169.8M (-5.6% YoY) on lag from 2023 AIUS/CTU changes.
- GAAP diluted EPS $0.57 vs $0.62; adjusted EPS $0.59 vs $0.64 (prior year had non-recurring tax benefit).
- Total student enrollments +11% to 40,400; CTU +13.6%, AIUS +4.0%.
- Operating income +4% to $44.8M; adjusted operating income +2.8% to $48.6M.
- CEO expects to close University of St. Augustine acquisition in December; cash & investments $722.6M.