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Perdoceo Education's Q3 revenue rises, beats estimates

By Reuters News


Overview

  • US postsecondary education provider's Q3 revenue rose 1.9% year-over-year

  • Adjusted EPS for Q3 grew 18.5% year-over-year

  • Company repurchased 0.6 mln shares for $19.9 mln during Q3


Outlook

  • Perdoceo sees Q4 adj operating income of $56.9 mln to $59.9 mln

  • Company expects Q4 adj EPS of $0.68 to $0.72

  • Perdoceo forecasts 2026 full-year adj EPS of $3.15 to $3.19


Result Drivers

  • STUDENT INTEREST AND RETENTION - Co said strong prospective student interest and near-historical highs in student retention supported Q3 results

  • ENROLLMENT GROWTH AT AIUS AND USAHS - Co reported increased enrollments at AIUS and USAHS, offsetting a slight decline at CTU


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$215.86 mln

$211.07 mln (1 Analyst)

Q3 Adjusted EPS

Beat

$0.77

$0.75 (2 Analysts)

Q3 EPS

$0.70

Q3 Net Income

$44.39 mln

Q3 Adjusted Operating Income

Beat

$66.11 mln

$64.59 mln (1 Analyst)

Q3 Capex

$2.16 mln


Analyst Coverage

  • The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the miscellaneous educational service providers peer group is "buy."

  • Wall Street's median 12-month price target for Perdoceo Education Corporation is $44.00, about 46.7% above its November 4 closing price of $29.99

  • The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago


Reuters Recommended Reads

  • Nov 5 - Strategic Education Q3 revenue rises 1.6%, slightly misses estimates

  • Nov 5 - Grand Canyon Education Q3 service revenue rises on higher university partner enrollments

  • Nov 5 - McGraw Hill Q2 revenue falls 5.5% as K-12 declines


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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