Grand Canyon Education Earnings: Here’s Why Investors Like These Results

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 up 2.84%.

Grand Canyon Education, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 28.57% to $0.45 in the quarter versus EPS of $0.35 in the year-earlier quarter.

Revenue: Rose 18.65% to $141.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Grand Canyon Education, Inc. reported adjusted EPS income of $0.45 per share. By that measure, the company beat the mean analyst estimate of $0.4. It beat the average revenue estimate of $138.38 million.

Key Stats (on next page)…

Revenue decreased 0.37% from $142.03 million in the previous quarter. EPS increased 4.65% from $0.43 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 $0.44 and has not changed. For the current year, the average estimate has moved up from a profit of $1.72 to a profit of $1.76 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)