NASDAQ$LOPE

Grand Canyon Education Inc. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Grand Canyon Education's Q4 2022 performance reflected an increase in service revenue and a decrease in operating income.

Grand Canyon Education reported a 2.9% increase in service revenue for Q4 2022, reaching $258.7 million, driven by growth in GCU traditional campus enrollments and revenue per student, which was offset by decreases in online enrollments at GCU and students in a university partner's OTA program. Operating income decreased to $90.7 million, and net income decreased to $71.0 million.

  • Service revenue increased by 2.9% to $258.7 million compared to Q4 2021, driven by growth in GCU traditional campus enrollments and revenue per student.
  • Partner enrollments totaled 112,955, a slight increase from 112,554 in the prior year.
  • Operating income decreased to $90.7 million, with an operating margin of 35.1%.
  • Net income decreased by 16.5% to $71.0 million.

Headline financials

Total Revenue

$259M

Previous: $251M+2.9%
EPS (adj)

$2.36

Previous: $2.11+11.8%
University Partner Enrollments

113.0K

Previous: 112.6K+0.4%
Off-Campus Enrollments

4.6K

Previous: 4.7K-1.0%
Net Income

$71M

Previous: $85.1M-16.5%
Operating Income

$90.7M

Previous: $102M-11.4%
Gross Profit

$148M

Previous: $156M-5.1%
Cash & Equivalents

$120M

Previous: $601M-80.0%
Total Assets

$833M

Previous: $1.22B-31.9%

Revenue & EPS history

Grand Canyon Education · Revenue · Quarterly

$259M

Q4 2022+2.9%vs Q4 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Grand Canyon Education · $259M total across 1 segment · Q4 2022

  • Service Revenue
    $259M+2.9%

Forward guidance

Grand Canyon Education provided its outlook for Q1-Q4 and 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 Q4 2022

Historical avgQ4 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

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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