Perdoceo Education Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line

Perdoceo Education (NASDAQ:PRDO) Full Year 2024 Results

Key Financial Results

• Revenue: US$681.3m (down 4.0% from FY 2023).
• Net income: US$147.6m (flat on FY 2023).
• Profit margin: 22% (in line with FY 2023).
• EPS: US$2.25.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Perdoceo Education Revenues Beat Expectations

Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) was mostly in line with analyst estimates.

The primary driver behind last 12 months revenue was the Colorado Technical University (CTU) segment contributing a total revenue of US$456.9m (67% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$274.7m (65% of total expenses). Explore how PRDO's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Consumer Services industry in the US.

Performance of the American Consumer Services industry.

The company's shares are down 3.8% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Perdoceo Education's balance sheet and an in-depth analysis of the company's financial position.

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