Recap: Perdoceo Education Q4 Earnings
Portfolio Pulse from Benzinga Insights
Perdoceo Education (NASDAQ:PRDO) reported Q4 earnings, beating EPS estimates by 17.39% with an EPS of $0.27, against the expected $0.23. However, revenue decreased by $28.23 million from the previous year. Despite beating last quarter's EPS estimate, the share price dropped by 5.5% the following day. The company's past earnings performance shows a pattern of surpassing EPS estimates but with varying revenue figures.
February 21, 2024 | 9:50 pm
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Perdoceo Education reported higher than expected Q4 earnings with an EPS of $0.27, surpassing estimates by 17.39%, but experienced a significant revenue drop from the previous year.
While the EPS beat is positive, the significant revenue drop and historical context of a share price decrease following last quarter's earnings beat suggest a mixed short-term impact. The positive EPS surprise could support the stock, but the revenue decline and past price reaction post-earnings indicate potential volatility or neutral movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100