NASDAQ$LOPE

Grand Canyon Education Inc. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Grand Canyon Education's Q4 2021 financial results were reported, showing increased service revenue and operating income, but a slight decrease in net income.

Grand Canyon Education reported an increase in service revenue and operating income for Q4 2021. Service revenue increased to $251.4 million, and operating income rose to $102.4 million. However, net income saw a slight decrease to $85.1 million compared to the same period in 2020.

  • Service revenue increased to $251.4 million due to higher revenue per student, offsetting a slight enrollment decrease.
  • Partner enrollments totaled 112,554, a 3.0% decrease from the previous year.
  • Operating income increased to $102.4 million with an operating margin of 40.7%.
  • Net income decreased slightly to $85.1 million, with diluted net income per share at $2.15.

Headline financials

Total Revenue

$251M

Previous: $238M+5.5%
EPS (adj)

$2.11

Previous: $1.89+11.6%
University Partner Enrollments

112.6K

Previous: 116.0K-3.0%
Off-Campus Enrollments

4.7K

No prior period
Net Income

$85.1M

Previous: $86.8M-1.9%
Operating Income

$102M

Previous: $97.3M+5.3%
Gross Profit

$156M

Previous: $148M+5.3%
Cash & Equivalents

$601M

Previous: $246M+144.5%
Total Assets

$1.22B

Previous: $1.84B-33.7%

Revenue & EPS history

Grand Canyon Education · Revenue · Quarterly

$251M

Q4 2021+5.5%vs Q4 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Grand Canyon Education · $251M total across 1 segment · Q4 2021

  • Service Revenue
    $251M+5.5%

Forward guidance

Grand Canyon Education provided their outlook for the full year 2022, including revenue between $905.0 million and $930.0 million and as adjusted diluted EPS between $5.58 and $6.18.

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 2021

Historical avgQ4 2021

+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%

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