Perdoceo Education (NASDAQ:PRDO) Updates Q3 2024 Earnings Guidance

Perdoceo Education (NASDAQ:PRDO) issued an update on its third quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.520-0.540 for the period, compared to the consensus earnings per share estimate of 0.530. The company issued revenue guidance of -. Perdoceo Education also updated its FY 2024 guidance to 2.130-2.250 EPS.

Perdoceo Education Price Performance

NASDAQ PRDO traded down $0.46 on Wednesday, reaching $24.79. The company had a trading volume of 535,439 shares, compared to its average volume of 502,202. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 10.92, a P/E/G ratio of 0.75 and a beta of 1.02. Perdoceo Education has a fifty-two week low of $13.11 and a fifty-two week high of $25.35. The business has a 50 day moving average of $22.18 and a two-hundred day moving average of $19.88.

Perdoceo Education (NASDAQ:PRDO) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.07. The company had revenue of $168.30 million for the quarter, compared to analyst estimates of $163.30 million. Perdoceo Education had a return on equity of 17.09% and a net margin of 22.35%. The firm’s quarterly revenue was down 14.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.58 earnings per share. As a group, research analysts predict that Perdoceo Education will post 2.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PRDO has been the subject of a number of analyst reports. StockNews.com downgraded shares of Perdoceo Education from a strong-buy rating to a buy rating in a research note on Thursday, April 25th. Barrington Research increased their price target on Perdoceo Education from $25.00 to $27.00 and gave the stock an outperform rating in a report on Tuesday, July 16th.

Perdoceo Education Company Profile

Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. It operates in two segments, Colorado Technical University and The American InterContinental University System. The Colorado Technical University segment offers academic programs, such as business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice.