NASDAQ$PRDO

Perdoceo Education Corporation · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Perdoceo Education Corporation's financial performance declined slightly in Q2 2022, with revenue and operating income decreasing, but adjusted EPS increasing.

Perdoceo Education Corporation reported a decrease in revenue and operating income for the second quarter of 2022 compared to the prior year quarter. Revenue decreased by 4.5% to $167.7 million, and operating income decreased by 5.6% to $33.9 million. However, adjusted earnings per diluted share increased from $0.41 to $0.42.

  • Revenue decreased by 4.5 percent to $167.7 million.
  • Operating income decreased 5.6 percent to $33.9 million.
  • Earnings per diluted share was $0.37, same as the prior year quarter.
  • Total student enrollments decreased by 7.0 percent.

Headline financials

Total Revenue

$168M

Previous: $176M-4.5%
EPS (adj)

$0.42

Previous: $0.41+2.4%
Total Student Enrollments

40.1K

No prior period
Capital Expenditures

-$6.77M

Previous: -$3.06M-121.2%
Free Cash Flow

$19M

Previous: $23.6M-19.4%
Net Income

$25.8M

Previous: $26.6M-3.3%
Operating Income

$33.9M

Previous: $36M-5.6%
Gross Profit

$269K

Previous: $335K-19.7%
Cash & Equivalents

$149M

Previous: $481M-69.1%
Total Assets

$856M

Previous: $786M+8.9%
Stock-Based Comp

$1.9M

Previous: $3.68M-48.3%

Revenue & EPS history

Perdoceo · Revenue · Quarterly

$168M

Q2 2022-4.5%vs Q2 2021
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

Perdoceo · $101M total across 2 segments · Q2 2022

  • CTU
    $100M-1.5%
  • Corporate and Other
    $303K+7.8%

Forward guidance

The Company is providing the following third quarter outlook along with an updated full year outlook, subject to the key assumptions identified below.

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 Q2 2022

Historical avgQ2 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

Earnings price reactions
QuarterReport dateReaction (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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