Loading...
•
Mar 31, 2022
Perdoceo Q1 2022 Earnings Report
Perdoceo's first quarter results were announced, with revenue slightly decreasing and operating income increasing.
Key Takeaways
Perdoceo Education Corporation reported a slight decrease in revenue by 0.4% to $183.0 million. However, the company experienced an increase in operating income by 7.6% to $43.7 million and an increase in earnings per diluted share to $0.46 compared to $0.43 in the prior year quarter.
Revenue decreased slightly by 0.4 percent to $183.0 million.
Operating income increased by 7.6 percent to $43.7 million.
Earnings per diluted share increased to $0.46, compared to $0.43 in the prior year quarter.
The company ended the quarter with $499.3 million in cash, cash equivalents, restricted cash and available-for-sale short-term investments.
Revenue by Segment
Forward Guidance
The company provided an updated outlook for the quarter ending June 30, 2022, and the year ending December 31, 2022.
Positive Outlook
- Operating income for the quarter ending June 30, 2022, is projected to be between $30.0M and $32.0M.
- Adjusted operating income for the quarter ending June 30, 2022, is projected to be between $37.0M and $39.0M.
- Earnings per diluted share for the quarter ending June 30, 2022, are projected to be between $0.32 and $0.34.
- Adjusted earnings per diluted share for the quarter ending June 30, 2022, are projected to be between $0.36 and $0.38.
- Depreciation and amortization is expected to be $5.0M for the quarter ending June 30, 2022.
Challenges Ahead
- Legal fee expenses are expected to be $2.0M for the quarter ending June 30, 2022.
- The outlook is subject to prospective student interest and student retention remaining consistent with management’s estimates.
- The outlook assumes no significant impact of new or proposed regulations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...