earnings
confidence high
sentiment negative
materiality 0.75
GCE Q1 revenue $244.1M (+3% YoY), net income down 25.6% to $58.1M
Grand Canyon Education, Inc.
2022-Q1 EPS reported
$1.66
revenue$244,133,000
- Service revenue $244.1M (+3% YoY); partner enrollments 110,217 (-4.5% YoY).
- GAAP net income $58.1M (-25.6%), diluted EPS $1.66; adjusted EPS $1.72 (flat YoY).
- Adjusted EBITDA $90.4M (-5.4%); operating margin 31.7% vs 35.5% in Q1 2021.
- FY 2022 guidance: service revenue $907.6M-$931.6M, adjusted EPS $5.53-$6.09.
- Q1 share repurchases $399.6M; cash & investments $264.3M (down from $600.9M Dec 2021).