NASDAQ$PRDO
Perdoceo Education Corporation · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Perdoceo's first quarter results were announced, with revenue slightly decreasing and operating income increasing.
Perdoceo Education Corporation reported a slight decrease in revenue by 0.4% to $183.0 million. However, the company experienced an increase in operating income by 7.6% to $43.7 million and an increase in earnings per diluted share to $0.46 compared to $0.43 in the prior year quarter.
- Revenue decreased slightly by 0.4 percent to $183.0 million.
- Operating income increased by 7.6 percent to $43.7 million.
- Earnings per diluted share increased to $0.46, compared to $0.43 in the prior year quarter.
- The company ended the quarter with $499.3 million in cash, cash equivalents, restricted cash and available-for-sale short-term investments.
Headline financials
Revenue & EPS history
Perdoceo · Revenue · Quarterly
$183M
Revenue by segment
Perdoceo · $113M total across 2 segments · Q1 2022
- CTU$113M+6.9%99.8%
- Corporate and Other$279K-17.7%0.2%
Forward guidance
The company provided an updated outlook for the quarter ending June 30, 2022, and the year ending December 31, 2022.
Tailwinds
- Operating income for the quarter ending June 30, 2022, is projected to be between $30.0M and $32.0M.
- Adjusted operating income for the quarter ending June 30, 2022, is projected to be between $37.0M and $39.0M.
- Earnings per diluted share for the quarter ending June 30, 2022, are projected to be between $0.32 and $0.34.
- Adjusted earnings per diluted share for the quarter ending June 30, 2022, are projected to be between $0.36 and $0.38.
- Depreciation and amortization is expected to be $5.0M for the quarter ending June 30, 2022.
Headwinds
- Legal fee expenses are expected to be $2.0M for the quarter ending June 30, 2022.
- The outlook is subject to prospective student interest and student retention remaining consistent with management’s estimates.
- The outlook assumes no significant impact of new or proposed regulations.
- The outlook excludes any future impact from the Company’s stock repurchase program.
- The outlook assumes an effective income tax rate of approximately 25.0% for the second quarter and 26.0% for the full year.
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 2022
+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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