NASDAQ$LOPE
Grand Canyon Education Inc. · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Third quarter results were reported.
Grand Canyon Education reported a slight increase in service revenue, driven by growth in traditional campus enrollments, but experienced a decrease in net income due to lower interest income and a higher operating margin.
- Service revenue increased by 0.9% to $208.7 million compared to Q3 2021.
- Partner enrollments totaled 116,202 at September 30, 2022, compared to 118,832 at September 30, 2021.
- Operating income decreased to $35.5 million, with an operating margin of 17.0%.
- Net income decreased by 37.0% to $30.0 million.
Headline financials
Revenue & EPS history
Grand Canyon Education · Revenue · Quarterly
$209M
Revenue by segment
Grand Canyon Education · $209M total across 1 segment · Q3 2022
- Service Revenue$209M+0.9%100.0%
Forward guidance
Grand Canyon Education provided an outlook for Q4 2022 and the full year 2022.
Tailwinds
- Service revenue of between $255.5 million and $256.5 million for Q4 2022.
- Operating margin of between 34.0% and 34.1% for Q4 2022.
- Effective tax rate of 23.0% for Q4 2022.
- Diluted EPS of between $2.18 and $2.19 for Q4 2022.
- Service revenue of between $908.1 million and $909.1 million for full year 2022.
Headwinds
- Operating margin of between 25.7% and 25.8% for full year 2022.
- Effective tax rate of 23.2% for full year 2022.
- Diluted EPS between $5.61 and $5.62 for full year 2022.
- The diluted EPS guidance includes non-cash amortization of intangible assets net of taxes of $1.6 million for Q4 2022.
- The diluted EPS guidance includes non-cash amortization of intangible assets net of taxes of $6.5 million and losses on fixed asset disposals net of taxes of $0.9 million for full year 2022.
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 Q3 2022
+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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