From Strength To Strength: Perdoceo Education (PRDO) Beats Q4 Estimates With Eye On 2024 Growth [Forbes]
Perdoceo Education Corporation (PRDO)
Last perdoceo education corporation earnings: 2/19 04:14 pm
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Source: Forbes
As has become common practice at this point, Perdoceo Education PRDO reported another set of better-than-anticipated quarterly results last night. Due to the expected 39.3% year-over-year drop in student enrollments at its American InterContinental University System (AIUS) that resulted from short-term operational changes undertaken and adjustments made to its processes around generating prospective student inquiries during 2023 in order to comply with new regulations, total Q4 revenue declined 16.0% to $147.9 million. But this still came in $1.7 million ahead of consensus as enrollments at its Colorado Technical University (CTU) were up 3.2% and student retention and engagement during the quarter were the highest they have been over the past few years across both of the company's academic institutions. And thanks to PRDO incurring less marketing and legal costs and earning a lot more interest income on its hefty and growing cash balance, adjusted earnings fell by just 12.9% to 27 ce
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PRDO
News
- Perdoceo Education Corporation Announces First Quarter 2024 ResultsBusiness Wire
- Perdoceo Education Co. (NASDAQ: PRDO) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Generation Z Are Go-Getters — But On Their Own Terms [Forbes]Forbes
- Here's Why We Think Perdoceo Education (NASDAQ:PRDO) Might Deserve Your Attention Today [Yahoo! Finance]Yahoo! Finance
- Perdoceo Education Co. (NASDAQ: PRDO) had its "outperform" rating re-affirmed by analysts at Barrington Research. They now have a $23.00 price target on the stock.MarketBeat
PRDO
Earnings
- 5/1/24 - Beat
PRDO
Sec Filings
- 5/1/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 4/30/24 - Form 4
- PRDO's page on the SEC website