Grand Canyon Education Stock Earnings Reports
Grand Canyon Education Earnings Calls
Release date | Feb 19, 2025 |
EPS estimate | $2.93 |
EPS actual | - |
Revenue estimate | 289.615M |
Revenue actual | - |
Expected change | +/- 3.19% |
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% |
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% |
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.
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% |
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% |
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% |
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.