Grand Canyon Education Earnings Calls

Q4 2024 (Upcoming)
Release date Feb 19, 2025
EPS estimate $2.93
EPS actual -
Revenue estimate 289.615M
Revenue actual -
Expected change +/- 3.19%
Q3 2024 Missed
$1.42 (-3.40%)
Release date Nov 06, 2024
EPS estimate $1.47
EPS actual $1.42
EPS Surprise -3.40%
Revenue estimate 239.7M
Revenue actual 238.291M
Revenue Surprise -0.588%
Q2 2024 Beat
$1.27 (15.45%)
Release date Aug 06, 2024
EPS estimate $1.10
EPS actual $1.27
EPS Surprise 15.45%
Revenue estimate 223.39M
Revenue actual 227.463M
Revenue Surprise 1.82%
Q1 2024 Beat
$2.35 (5.86%)
Release date May 07, 2024
EPS estimate $2.22
EPS actual $2.35
EPS Surprise 5.86%
Revenue estimate 272.32M
Revenue actual 274.675M
Revenue Surprise 0.86%

Last 4 Quarters for Grand Canyon Education

Below you can see how LOPE performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.

Q1 2024 Beat
Release date May 07, 2024
Fiscal end date Mar 31, 2024
Price on release $139.78
EPS estimate $2.22
EPS actual $2.35
EPS surprise 5.86%
Date Price
May 01, 2024 $130.96
May 02, 2024 $134.02
May 03, 2024 $136.11
May 06, 2024 $138.31
May 07, 2024 $139.78
May 08, 2024 $147.08
May 09, 2024 $149.26
May 10, 2024 $148.79
May 13, 2024 $146.94
4 days before 6.73%
4 days after 5.12%
On release day 5.22%
Change in period 12.20%
Q2 2024 Beat
Release date Aug 06, 2024
Fiscal end date Jun 30, 2024
Price on release $147.39
EPS estimate $1.10
EPS actual $1.27
EPS surprise 15.45%
Date Price
Jul 31, 2024 $155.95
Aug 01, 2024 $153.22
Aug 02, 2024 $151.88
Aug 05, 2024 $147.34
Aug 06, 2024 $147.39
Aug 07, 2024 $142.23
Aug 08, 2024 $143.35
Aug 09, 2024 $143.49
Aug 12, 2024 $141.59
4 days before -5.49%
4 days after -3.94%
On release day -3.50%
Change in period -9.21%
Q3 2024 Missed
Release date Nov 06, 2024
Fiscal end date Sep 30, 2024
Price on release $160.15
EPS estimate $1.47
EPS actual $1.42
EPS surprise -3.40%
Date Price
Oct 31, 2024 $137.11
Nov 01, 2024 $136.14
Nov 04, 2024 $137.33
Nov 05, 2024 $139.75
Nov 06, 2024 $160.15
Nov 07, 2024 $163.54
Nov 08, 2024 $172.52
Nov 11, 2024 $170.56
Nov 12, 2024 $170.14
4 days before 16.80%
4 days after 6.24%
On release day 2.12%
Change in period 24.09%
Q4 2024 (Upcoming)
Release date Feb 19, 2025
Fiscal end date Dec 30, 2024
Price on release -
EPS estimate $2.93
EPS actual -
Date Price
Feb 10, 2025 $181.80
Feb 11, 2025 $182.00
Feb 12, 2025 $182.11
Feb 13, 2025 $182.94
Feb 14, 2025 $183.70

Grand Canyon Education Earnings Call Transcript Summary of Q3 2024

  • Ground enrollment saw a slight decline.
  • Retention Rates: GCE continues to experience strong retention, attributed to relevant programs aligned with student career aspirations.
  • Challenges: Ground enrollment drop aligns with national trends due to FAFSA issues affecting financial aid access and processing delays.

Innovative Programs:

  • New Offerings: Since the pandemic, 148 new programs have been introduced focusing on current labor market needs, which support enrollment solutions for both traditional and non-traditional students.
  • Collaboration with Employers: Active partnerships with various industries including education, healthcare, and technology helped attract 7.5% more new starts.

Financial Performance:

  • Service Revenue: Increased by 7.4% to $238.3 million year-over-year, driven by a 4% rise in GCU enrollments and an 8.1% increase at off-campus sites.
  • Net Income: Rose 16% to $41.5 million, with a GAAP diluted income per share of $1.42.
  • Operating Income: Increased to $48.2 million, with operating margins improving to 20.2%.

Share Repurchase Program:

  • Repurchases: 272,497 shares repurchased at approximately $39.3 million during Q3 2024, with intentions to continue buybacks as cash flow allows. Remaining authorization stands at $146.4 million.

Forward Guidance:

  • Fourth Quarter Projection: Anticipated mid-single-digit growth in new online enrollments despite challenging comparisons.
  • 2025 Outlook: Expected hybrid revenues will be up year-over-year, and the company plans to focus on effectiveness and efficiency to improve profitability of hybrid sites.

Operational Insights:

  • Student Spending: Noted decrease in ancillary revenue linked to inflationary pressures and students spending less in traditional categories.
  • FAFSA Processing Issues: Noted as a significant hurdle impacting traditional enrollments and overall financial assistance uptake.

CEO Statements:

  • Adaptation to Change: Emphasized GCE’s strategic responses to labor market needs and rising enrollment costs while remaining affordable compared to competitors.
  • Future Growth: Highlighted optimism regarding the institution’s ability to regain and surpass pre-pandemic enrollment levels, especially for ground students.

Conclusion:

Grand Canyon Education reported solid Q3 results reflecting strong online and hybrid enrollment growth despite industry headwinds affecting traditional enrollment. Their ongoing investment in relevant programs and strong retention rates positions GCE favorably for future growth, particularly as they navigate financial challenges and build on their innovative educational delivery models. Investors should remain aware of the broader economic context and enrollment trends as these will impact future performance.

Grand Canyon Education Earnings History

Earnings Calendar

FAQ

When is the earnings report for LOPE?
Grand Canyon Education (LOPE) has scheduled its earnings report for Feb 19, 2025 after the markets close.

What is the LOPE price-to-earnings (P/E) ratio?
LOPE P/E ratio as of Feb 14, 2025 (TTM) is 23.47.

What is the LOPE EPS forecast?
The forecasted EPS (Earnings Per Share) for Grand Canyon Education (LOPE) for the first fiscal quarter 2024 is $2.93.

What are Grand Canyon Education's retained earnings?
On its balance sheet, Grand Canyon Education reported retained earnings of $238.29 million for the latest quarter ending Sep 30, 2024.

What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
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ABOUT GRAND CANYON EDUCATION
Grand Canyon Education
Grand Canyon Education, Inc. provides education services to colleges and universities in the United States. The company's technology services include learning management system, internal administration, infrastructure, and support services; academic services comprises program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support include admission, f...
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