Perdoceo Education Q1 2024 Adj EPS $0.60 Beats $0.53 Estimate, Sales $168.264M Beat $163.324M Estimate
Portfolio Pulse from Benzinga Newsdesk
Perdoceo Education (NASDAQ:PRDO) reported Q1 2024 adjusted EPS of $0.60, surpassing the $0.53 estimate, with sales of $168.264M also beating the $163.324M estimate. This represents a 3.45% increase in EPS and a 13.97% decrease in sales from the same period last year.
May 01, 2024 | 9:19 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Perdoceo Education reported a Q1 2024 adjusted EPS of $0.60, beating estimates, with sales of $168.264M also exceeding expectations.
The positive earnings and sales beat indicate a strong financial performance for Perdoceo Education, likely leading to a positive short-term impact on its stock price. The EPS beat by 13.21% and sales beat by 3.02%, coupled with a year-over-year EPS increase, suggests operational efficiency and potential market confidence, which could drive investor interest and stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100