Perdoceo Education's Q3 revenue rises, beats estimates
PRDO•Perdoceo Education's Q3 revenue rose 1.9% year over year to $215.86 million, while adjusted EPS increased 18.5% to $0.77. The company expects Q4 adjusted EPS of $0.68 to $0.72 and 2026 adjusted EPS of $3.15 to $3.19.
1. Quarterly results
Perdoceo Education reported Q3 revenue of $215.86 million, up 1.9% year over year and above the $211.07 million consensus estimate. Adjusted EPS rose 18.5% to $0.77, compared with estimates of $0.75; adjusted operating income was $66.11 million, above the $64.59 million estimate.
2. Outlook and enrollment
The company expects Q4 adjusted operating income of $56.9 million to $59.9 million and adjusted EPS of $0.68 to $0.72. It forecasts full-year 2026 adjusted EPS of $3.15 to $3.19. Perdoceo said strong prospective student interest and near-historical highs in retention supported Q3 results; increased enrollment at AIUS and USAHS offset a slight decline at CTU.
3. Share repurchases
Perdoceo repurchased 0.6 million shares for $19.9 million during Q3.
