Perdoceo Education (NASDAQ:PRDO) reported its Q2 earnings results on Monday, August 8, 2022 at 04:15 PM.
Here's what investors need to know about the announcement.
Earnings
Perdoceo Education beat estimated earnings by 13.51%, reporting an EPS of $0.42 versus an estimate of $0.37.
Revenue was down $7.86 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03 which was followed by a 3.07% drop in the share price the next day.
Here's a look at Perdoceo Education's past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.47 | 0.32 | 0.38 | 0.40 |
| EPS Actual | 0.50 | 0.40 | 0.45 | 0.41 |
| Revenue Estimate | 180.00M | 166.02M | 172.23M | 178.33M |
| Revenue Actual | 182.96M | 159.86M | 174.00M | 175.54M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Perdoceo Education management provided guidance for FY 2022, expecting earnings between $1.41 and $1.48 per share.
To track all earnings releases for Perdoceo Education visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.