Grand Canyon Education Revises FY24 Service Revenue From $1.020B - $1.041B To $1.026B - $1.034B; Adj EPS Forecast From $7.57 - $8.04 To $7.85 - $8.04
Portfolio Pulse from Benzinga Newsdesk
Grand Canyon Education has revised its FY24 service revenue forecast from $1.020B - $1.041B to $1.026B - $1.034B and adjusted EPS forecast from $7.57 - $8.04 to $7.85 - $8.04.
August 06, 2024 | 8:57 pm
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POSITIVE IMPACT
Grand Canyon Education has updated its FY24 service revenue and adjusted EPS forecasts, indicating a slight increase in revenue expectations and a narrowed EPS range.
The revision in service revenue forecast to a higher range suggests improved business performance, which is likely to positively impact the stock price. The adjusted EPS forecast remains strong, indicating stable profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100