NASDAQ$LOPE

Grand Canyon Education Inc. · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Grand Canyon Education reported an increase in revenue and net income for Q4 2020.

Grand Canyon Education, Inc. reported financial results for the quarter ended December 31, 2020, with service revenue increasing by 11.7% to $238.3 million and net income rising by 13.2% to $86.8 million compared to the same period in 2019. Partner enrollments grew by 8.5%, reaching 115,997. The company's operating income increased to $97.3 million, with an operating margin of 40.8%.

  • Service revenue increased by 11.7% year over year, reaching $238.3 million.
  • Partner enrollments grew by 8.5%, totaling 115,997.
  • Operating income increased by $15.3 million, reaching $97.3 million.
  • Net income increased 13.2% to $86.8 million.

Headline financials

Total Revenue

$238M

Previous: $213M+11.7%
EPS (adj)

$1.89

Previous: $1.63+16.0%
University Partner Enrollments

116.0K

Previous: 106.9K+8.5%
Net Income

$86.8M

Previous: $76.7M+13.2%
Operating Income

$97.3M

Previous: $82M+18.7%
Gross Profit

$148M

Previous: $128M+15.4%
Cash & Equivalents

$246M

Previous: $122M+101.0%
Total Assets

$1.84B

Previous: $1.69B+9.1%

Revenue & EPS history

Grand Canyon Education · Revenue · Quarterly

$238M

Q4 2020+11.7%vs Q4 2019
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Grand Canyon Education · $238M total across 1 segment · Q4 2020

  • Service Revenue
    $238M+11.7%

Forward guidance

Grand Canyon Education provided its outlook for each quarter of 2021 and the full year.

Tailwinds

  • Q1 2021: Net revenue of $235.0 million
  • Q1 2021: As Adjusted Operating Margin 36.4%
  • Q1 2021: As Adjusted Diluted EPS of $1.67 using 46.5 million diluted shares
  • Q4 2021: Net revenue of $266.0 million
  • Q4 2021: As Adjusted Operating Margin 42.2%

Headwinds

  • Q2 2021: Net revenue of $203.0 million
  • Q2 2021: As Adjusted Operating Margin 26.0%
  • Q2 2021: As Adjusted Diluted EPS of $1.09 using 46.0 million diluted shares
  • Q3 2021: Net revenue of $221.0 million
  • Q3 2021: As Adjusted Operating Margin 29.7%

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 Q4 2020

Historical avgQ4 2020

+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

Earnings price reactions
QuarterReport dateReaction (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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro