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Jun 30, 2021
Perdoceo Q2 2021 Earnings Report
Perdoceo's Q2 2021 financial performance was reported, with a slight decrease in revenue and operating income, but an increase in total student enrollments.
Key Takeaways
Perdoceo Education Corporation reported a slight decrease in revenue by 0.3 percent to $175.5 million. Operating income decreased by 3.8 percent to $36.0 million, while total student enrollments increased by 7.5 percent.
Revenue decreased slightly by 0.3 percent to $175.5 million.
Operating income decreased by 3.8 percent to $36.0 million.
Total student enrollments increased by 7.5 percent.
Earnings per diluted share was $0.37.
Revenue by Segment
Forward Guidance
The Company is providing the following outlook, subject to the key assumptions identified below. The Company has not adjusted its outlook to reflect the acquisition of DigitalCrafts because it currently believes that the acquisition will not significantly impact its 2021 operating results.
Positive Outlook
- Operating Income $35.5M - $37.0M
- Depreciation and amortization $4.0M
- Adjusted Operating Income $39.5M - $41.0M
- Earnings Per Diluted Share $0.37 - $0.38
- Adjusted Earnings Per Diluted Share $0.38 - $0.39
Challenges Ahead
- prospective student interest for online postsecondary academic programs remains consistent with recent industry trends
- no significant impact of new or proposed regulations, including the “borrower defense to repayment” regulations, or other adverse changes in the legal or regulatory environment
- no significant operating impacts from the settlements with the U.S. Federal Trade Commission and state attorneys general or other legal or regulatory matters
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
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