NASDAQ$LOPE
Grand Canyon Education Inc. · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Grand Canyon Education reported an increase in revenue and net income for Q1 2023, but a decrease in operating income and adjusted EBITDA.
Grand Canyon Education, Inc. reported financial results for the quarter ended March 31, 2023. Service revenue increased by 2.5% to $250.1 million, driven by growth in GCU traditional campus enrollments. Net income rose by 2.6% to $59.6 million, while diluted net income per share was $1.94. However, operating income decreased to $74.5 million, and adjusted EBITDA fell by 4.2% to $86.6 million.
- Service revenue increased by 2.5% to $250.1 million due to growth in GCU traditional campus enrollments.
- Partner enrollments totaled 112,588, including 4,315 at off-campus sites.
- Operating income decreased to $74.5 million, with an operating margin of 29.8%.
- Net income increased by 2.6% to $59.6 million, and diluted net income per share was $1.94.
Headline financials
Revenue & EPS history
Grand Canyon Education · Revenue · Quarterly
$250M
Revenue by segment
Grand Canyon Education · $250M total across 1 segment · Q1 2023
- Service Revenue$250M+2.5%100.0%
Forward guidance
Grand Canyon Education provided outlook for Q2, Q3, Q4 and Full Year 2023.
Tailwinds
- Service revenue of between $206.0 million and $209.0 million for Q2 2023.
- Operating margin of between 14.8% and 15.7% for Q2 2023.
- Diluted EPS of between $0.79 and $0.85 for Q2 2023.
- Service revenue of between $940.1 million and $965.1 million for full year 2023.
- Diluted EPS between $5.94 and $6.49 for full year 2023.
Headwinds
- Operating margin of between 15.8% and 18.1% for Q3 2023.
- Diluted EPS of between $0.88 and $1.04 for Q3 2023.
- Service revenue of between $268.5 million and $283.0 million for Q4 2023.
- Operating margin of between 33.5% and 36.4% for Q4 2023.
- Effective tax rate of 23.8% for full year 2023.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+3.3%
Avg return
Earnings day
+2.4%
Avg return
5 days after
+2.5%
Avg return
30 days after
65%
42 / 65 earnings
Positive
+21.9%
Q2 2012
Best reaction
-16.0%
Q1 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.1% | -2.7% | -11.4% | |
| Q4 2025 | -7.9% | -6.5% | -3.2% | |
| Q3 2025 | -6.2% | -5.2% | -14.0% | |
| Q1 2025 | +4.5% | +5.5% | +4.7% | |
| Q4 2024 | +1.8% | -3.6% | -8.3% | |
| Q3 2024 | +17.0% | +22.0% | +20.1% | |
| Q2 2024 | -3.5% | -2.6% | -3.5% | |
| Q1 2024 | +6.3% | +7.6% | +4.2% | |
| Q4 2023 | +0.5% | -1.4% | -0.3% | |
| Q3 2023 | +14.2% | +13.8% | +14.7% | |
| Q2 2023 | +5.5% | +1.5% | +9.1% | |
| Q1 2023 | -3.7% | -6.6% | -12.7% | |
| Q4 2022 | +1.6% | +3.0% | -5.9% | |
| Q3 2022 | +16.4% | +17.3% | +29.5% | |
| Q2 2022 | -12.2% | -14.0% | -15.9% | |
| Q1 2022 | +3.9% | -3.0% | -6.5% | |
| Q4 2021 | +2.4% | +5.8% | +21.9% | |
| Q3 2021 | -9.4% | -9.5% | -14.1% | |
| Q2 2021 | -2.5% | -2.7% | -0.8% | |
| Q1 2021 | -16.0% | -11.7% | -16.3% | |
| Q4 2020 | +2.1% | +2.7% | +5.4% | |
| Q3 2020 | -0.4% | +2.3% | +4.9% | |
| Q2 2020 | +12.0% | +10.3% | +3.0% | |
| Q1 2020 | +7.2% | +9.2% | +16.5% | |
| Q4 2019 | -4.3% | -6.2% | -29.2% | |
| Q3 2019 | -4.1% | -4.1% | -3.5% | |
| Q2 2019 | +5.7% | +8.5% | -0.1% | |
| Q1 2019 | -4.2% | -1.8% | +7.1% | |
| Q4 2018 | +21.7% | +19.8% | +17.5% | |
| Q3 2018 | -0.9% | -2.8% | -12.0% | |
| Q2 2018 | -3.2% | -2.7% | -0.8% | |
| Q1 2018 | +6.9% | +5.4% | +9.9% | |
| Q4 2017 | +9.0% | +10.6% | +12.9% | |
| Q3 2017 | -0.7% | -0.7% | +4.0% | |
| Q2 2017 | +8.8% | +10.2% | +11.5% | |
| Q1 2017 | +4.2% | +6.0% | +7.8% | |
| Q4 2016 | +5.8% | +5.0% | +19.8% | |
| Q3 2016 | +8.6% | +11.2% | +31.7% | |
| Q2 2016 | +4.9% | +4.8% | -0.3% | |
| Q1 2016 | -4.6% | — | — | |
| Q4 2015 | +12.0% | — | — | |
| Q3 2015 | +7.2% | — | — | |
| Q2 2015 | -5.3% | — | — | |
| Q1 2015 | +1.2% | — | — | |
| Q4 2014 | +5.2% | — | — | |
| Q3 2014 | +9.3% | — | — | |
| Q2 2014 | -4.2% | — | — | |
| Q1 2014 | +6.9% | — | — | |
| Q4 2013 | +2.5% | — | — | |
| Q3 2013 | +11.3% | — | — | |
| Q2 2013 | -4.7% | — | — | |
| Q1 2013 | +13.4% | — | — | |
| Q4 2012 | +5.4% | — | — | |
| Q3 2012 | +12.3% | — | — | |
| Q2 2012 | +21.9% | — | — | |
| Q1 2012 | +10.3% | — | — | |
| Q4 2011 | -3.0% | — | — | |
| Q4 2009 | -3.0% | — | — | |
| Q3 2011 | -3.0% | — | — | |
| Q3 2010 | -3.0% | — | — | |
| Q2 2010 | +8.8% | — | — | |
| Q2 2011 | +8.8% | — | — | |
| Q1 2010 | +5.3% | — | — | |
| Q4 2010 | +5.3% | — | — | |
| Q1 2011 | +5.3% | — | — |
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