Perdoceo Education Q2 revenue rises on breadth of academic program offerings
PRDO•Outlook
- Perdoceo sees Q3 operating income of $54.5 mln to $55.5 mln
- Company expects Q3 adjusted EPS of $0.73 to $0.74
- Perdoceo forecasts full-year adjusted EPS of $3.10 to $3.16
Overview
- US postsecondary education provider's Q2 revenue rose 1.8% yr/yr, adjusted EPS up 19.4%
- Company increased quarterly dividend by 13.3% to $0.17 per share
- Total student enrollments grew 0.7%, driven by USAHS program growth
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Slight Beat* | $213.40 mln | $212.50 mln (1 Analyst) |
| Q2 Adjusted EPS | Beat | $0.80 | $0.54 (2 Analysts) |
| Q2 EPS | $0.75 | ||
| Q2 Net Income | $47.97 mln | ||
| Q2 Adjusted Operating Income | Beat | $64.22 mln | $63.54 mln (1 Analyst) |
| Q2 Capex | $1.55 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
