Grand Canyon Education Earnings: Here’s Why Investors are Not Excited Now
Grand Canyon Education, Inc. (NASDAQ:LOPE) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.62%.
Grand Canyon Education, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 43.75% to $0.46 in the quarter versus EPS of $0.32 in the year-earlier quarter.
Revenue: Rose 21.23% to $142 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Grand Canyon Education, Inc. reported adjusted EPS income of $0.46 per share. By that measure, the company beat the mean analyst estimate of $0.39. It beat the average revenue estimate of $137.92 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue increased 0.5% from $141.3 million in the previous quarter. EPS increased 0% from $0.46 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.39 and has not changed. For the current year, the average estimate has moved up from a profit of $1.7 to a profit of $1.72 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)