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Perdoceo Education Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line

Simply Wall St·02/20/2025 10:43:43
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Perdoceo Education (NASDAQ:PRDO) Full Year 2024 Results

Key Financial Results

  • Revenue: US$681.3m (down 4.0% from FY 2023).
  • Net income: US$147.6m (flat on FY 2023).
  • Profit margin: 22% (in line with FY 2023).
  • EPS: US$2.25.
revenue-and-expenses-breakdown
NasdaqGS:PRDO Revenue and Expenses Breakdown February 20th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Perdoceo Education Revenues Beat Expectations

Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) was mostly in line with analyst estimates.

The primary driver behind last 12 months revenue was the Colorado Technical University (CTU) segment contributing a total revenue of US$456.9m (67% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$274.7m (65% of total expenses). Explore how PRDO's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Consumer Services industry in the US.

Performance of the American Consumer Services industry.

The company's shares are down 3.8% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Perdoceo Education's balance sheet and an in-depth analysis of the company's financial position.

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