Grand Canyon Education Sees FY24 Adj. EPS $7.39-$7.91 Vs $7.87 Est.; Revenue $1.016B-$1.040B Vs $1.023B Est.
Portfolio Pulse from Benzinga Newsdesk
Grand Canyon Education provided its FY24 earnings forecast, expecting adjusted EPS to range between $7.39 and $7.91, compared to the estimated $7.87. The company also anticipates revenue to be between $1.016 billion and $1.040 billion, versus the estimated $1.023 billion.
February 13, 2024 | 9:30 pm
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Grand Canyon Education expects FY24 adjusted EPS to be $7.39-$7.91, against an estimate of $7.87, and revenue between $1.016B-$1.040B, close to the $1.023B estimate.
The forecasted EPS range slightly undercuts the analyst estimate at the high end, indicating a cautious but not negative outlook. The revenue forecast closely aligns with expectations, suggesting stability. Given these factors, the short-term impact on LOPE's stock price is likely neutral, as the guidance does not significantly deviate from market expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100