NASDAQ$PRDO
Perdoceo Education Corporation · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Perdoceo Education Corporation's operating income and revenue increased, driven by growth in both CTU and AIU segments.
Perdoceo Education Corporation reported a 7.4% increase in revenue to $183.6 million and an 8.9% increase in operating income to $40.6 million for the quarter ended March 31, 2021. Earnings per diluted share increased to $0.43, and adjusted earnings per diluted share increased to $0.44. Total student enrollments increased by 9.7%.
- Revenue increased by 7.4% to $183.6 million, with contributions from both CTU and AIU.
- Operating income rose by 8.9% to $40.6 million, while adjusted operating income increased by 11.7% to $44.6 million.
- Earnings per diluted share increased to $0.43, and adjusted earnings per diluted share increased to $0.44.
- Total student enrollments increased by 9.7%, with CTU experiencing a 12.8% increase and AIU a 5.0% increase.
Headline financials
Revenue & EPS history
Perdoceo · Revenue · Quarterly
$184M
Revenue by segment
Perdoceo · $184M total across 3 segments · Q1 2021
- CTU$106M+2.2%57.6%
- AIUS$77.5M+15.0%42.2%
- Corporate and Other$339K+3290.0%0.2%
Forward guidance
The Company is providing the following outlook for the quarter ending June 30, 2021, and the year ending December 31, 2021.
Tailwinds
- Prospective student interest in the Company’s programs remains consistent with recent experience.
- No significant changes in the timing and amounts of planned investments and initiatives continue to positively impact student enrollments.
- No significant impact of new or proposed regulations, including the “borrower defense to repayment” regulations, or other adverse changes in the legal or regulatory environment.
- No significant operating impacts from the settlements with the U.S. Federal Trade Commission and state attorneys general or other legal or regulatory matters.
- No significant future operating or financial impacts relating to the COVID-19 pandemic.
Headwinds
- Actual results could differ materially from these estimates.
- Decisions the Company makes in the future as it continues to evaluate diverse strategies to enhance shareholder value may impact the outlook provided above.
- The operating income, adjusted operating income, earnings per share and adjusted earnings per share outlook provided above for 2021 are based on key assumptions and factors.
- Earnings per diluted share outlook assumes an effective income tax rate of approximately 26.5% for the second quarter and full year.
- Any future impact from the Company’s stock repurchase program is excluded.
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 2021
+0.9%
Avg return
Earnings day
+4.3%
Avg return
5 days after
+4.4%
Avg return
30 days after
49%
34 / 69 earnings
Positive
+31.7%
Q1 2024
Best reaction
-30.4%
Q1 2014
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.9% | +1.4% | -0.5% | |
| Q4 2025 | +4.2% | +5.8% | +9.6% | |
| Q3 2025 | -1.9% | -1.0% | -8.9% | |
| Q1 2025 | +22.3% | +20.6% | +35.2% | |
| Q4 2024 | -5.9% | -9.3% | -14.7% | |
| Q3 2024 | +9.9% | +4.4% | +7.4% | |
| Q2 2024 | -2.6% | -9.1% | -11.1% | |
| Q1 2024 | +31.7% | +33.1% | +23.0% | |
| Q4 2023 | -0.7% | +3.6% | +4.4% | |
| Q3 2023 | -3.6% | -7.2% | -3.7% | |
| Q2 2023 | +14.9% | +20.7% | +25.5% | |
| Q1 2023 | -5.1% | -3.0% | +0.2% | |
| Q4 2022 | -2.1% | -0.6% | -6.5% | |
| Q3 2022 | +16.0% | +24.2% | +20.5% | |
| Q2 2022 | -6.3% | -4.8% | -15.0% | |
| Q1 2022 | -3.7% | -4.3% | -0.5% | |
| Q4 2021 | +3.1% | +5.4% | +16.6% | |
| Q3 2021 | +0.7% | -4.2% | -4.6% | |
| Q2 2021 | -1.5% | -4.0% | -8.0% | |
| Q1 2021 | +0.7% | -1.0% | +4.4% | |
| Q4 2020 | -4.2% | -2.2% | -7.4% | |
| Q3 2020 | -10.5% | -5.6% | -0.2% | |
| Q2 2020 | +4.0% | +14.4% | -5.2% | |
| Q1 2020 | +15.4% | +14.6% | +31.6% | |
| Q4 2019 | +0.3% | -5.5% | -50.7% | |
| Q3 2019 | +5.8% | +8.5% | +11.7% | |
| Q2 2019 | +12.8% | +13.6% | +6.5% | |
| Q1 2019 | +7.2% | +2.9% | +11.3% | |
| Q4 2018 | +18.0% | +20.5% | +15.1% | |
| Q3 2018 | -6.7% | -9.3% | -6.2% | |
| Q2 2018 | -4.3% | -8.4% | -13.3% | |
| Q1 2018 | +13.5% | +12.0% | +23.1% | |
| Q4 2017 | +16.8% | +16.6% | +12.9% | |
| Q3 2017 | +13.8% | +17.6% | +24.9% | |
| Q2 2017 | +2.3% | +6.4% | +14.6% | |
| Q1 2017 | +9.2% | +2.1% | -0.9% | |
| Q4 2016 | -12.4% | -12.3% | -8.8% | |
| Q3 2016 | -4.1% | +3.3% | +43.8% | |
| Q2 2016 | +2.8% | +7.0% | -5.4% | |
| Q1 2016 | +12.2% | — | — | |
| Q4 2015 | +29.4% | — | — | |
| Q3 2015 | +8.0% | — | — | |
| Q2 2015 | +29.6% | — | — | |
| Q1 2015 | +17.0% | — | — | |
| Q4 2014 | +12.4% | — | — | |
| Q3 2014 | -7.3% | — | — | |
| Q2 2014 | -1.1% | — | — | |
| Q1 2014 | -30.4% | — | — | |
| Q4 2013 | +10.8% | — | — | |
| Q3 2013 | -18.6% | — | — | |
| Q2 2013 | -1.7% | — | — | |
| Q1 2013 | +4.9% | — | — | |
| Q4 2012 | -11.8% | — | — | |
| Q3 2012 | -18.2% | — | — | |
| Q2 2012 | -19.8% | — | — | |
| Q1 2012 | -11.2% | — | — | |
| Q4 2008 | -23.7% | — | — | |
| Q4 2011 | -23.7% | — | — | |
| Q3 2008 | -10.0% | — | — | |
| Q2 2008 | -15.6% | — | — | |
| Q1 2008 | +1.6% | — | — | |
| Q4 2010 | -6.6% | — | — | |
| Q3 2009 | -2.3% | — | — | |
| Q3 2010 | -2.3% | — | — | |
| Q2 2010 | -7.7% | — | — | |
| Q2 2009 | -7.7% | — | — | |
| Q1 2010 | +1.4% | — | — | |
| Q4 2009 | +1.4% | — | — | |
| Q1 2009 | +1.4% | — | — |
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