Revenue and Income - Service revenue for Q4 2024 was $292.6 million, a 5.1% increase from $278.3 million in Q4 2023, driven by a 5.0% increase in enrollments at Grand Canyon University to 123,149[4] - For the full year 2024, service revenue was $1,033.0 million, a 7.5% increase from $960.9 million in 2023, primarily due to increased enrollments at GCU[5] - Total revenue for the year ended December 31, 2024, reached $1,033,002,000, up 7.5% from $960,899,000 in 2023[23] - Operating income for Q4 2024 was $100.0 million, a 2.3% increase from $97.8 million in Q4 2023, with an operating margin of 34.2%[4] - Operating income for Q4 2024 was $100,027,000, compared to $97,799,000 in Q4 2023, reflecting a growth of 2.5%[23] - Net income for Q4 2024 was $81.9 million, a 1.4% increase from $80.7 million in Q4 2023, with diluted net income per share rising to $2.84 from $2.71[4] - Net income for the year ended December 31, 2024, was $226,234,000, an increase of 10.4% from $204,985,000 in 2023[28] - Basic earnings per share for Q4 2024 was $2.86, up from $2.73 in Q4 2023, representing a growth of 4.8%[23] - Non-GAAP diluted income per share for Q4 2024 was $2.95, up from $2.77 in Q4 2023, indicating a growth of 6.5%[35] Enrollment and Partner Performance - Partner enrollments totaled 127,155 at December 31, 2024, up from 121,250 at December 31, 2023, with off-campus classroom and laboratory site enrollments increasing by 9.8%[4] - The company reported net cash provided by operating activities of $289,958,000 for the year ended December 31, 2024, compared to $243,662,000 in 2023[28] Adjusted EBITDA - Adjusted EBITDA for the full year 2024 increased by 12.5% to $340.0 million compared to $302.3 million in 2023[5] - Adjusted EBITDA for Q4 2024 was $116,572,000, an increase from $110,932,000 in Q4 2023, representing a growth of 4.7%[34] - The company reported a total of $340,013,000 in Adjusted EBITDA for the year ended December 31, 2024, compared to $302,302,000 in 2023, marking a year-over-year increase of 12.5%[34] Cash and Assets - Cash and cash equivalents as of December 31, 2024, were $324,623,000, significantly higher than $146,475,000 at the end of 2023[26] - Total assets increased to $1,018,425,000 as of December 31, 2024, compared to $930,463,000 in 2023, marking an increase of 9.5%[26] Liabilities and Expenses - Total liabilities rose to $234,572,000 as of December 31, 2024, compared to $212,449,000 in 2023, an increase of 10.4%[26] - Capital expenditures for the year ended December 31, 2024, were $37,248,000, down from $44,537,000 in 2023[28] - Income tax expense for Q4 2024 was $22,073,000, compared to $20,054,000 in Q4 2023, reflecting an increase of 10.1%[34] - The company recognized $4,500,000 in contributions in lieu of state income taxes for the year ended December 31, 2024, up from $3,500,000 in 2023[34] - The total interest expense for the year ended December 31, 2024, was $4,000, compared to $33,000 in 2023, showing a significant decrease[34] Share Repurchase and Guidance - The company announced a $200.0 million increase in its share repurchase program, bringing the total authorization to $2,245.0 million[6] - For Q1 2025, the company expects adjusted diluted EPS to be between $2.50 and $2.52, including a $0.06 impact from non-cash amortization of intangible assets[8] - The full year 2025 diluted EPS guidance is between $8.43 and $8.82, with service revenue expected between $1,074.5 million and $1,097.0 million[12] Other Financial Metrics - The effective tax rate for the year ended December 31, 2024 was 22.3%, up from 21.1% in 2023, due to higher state income taxes[5] - The company incurred $1,133,000 in severance costs for the year ended December 31, 2024, which was not present in 2023[35] - The company reported a loss on fixed asset disposal of $102,000 for the year ended December 31, 2024, down from $741,000 in 2023[35] - The company’s core operating performance is measured by Adjusted EBITDA, which excludes unusual, non-routine, or non-recurring expenses[32]

Company Overview - Grand Canyon Education, Inc. (GCE) is a publicly traded education services company incorporated in 2008, providing services to 22 university partners [4] - The company has 30 years of proven expertise in delivering a full array of support services in the post-secondary education sector, including technological solutions and operational processes [4] Upcoming Financial Results - GCE will report its 2024 fourth quarter results after market close on February 19, 2025 [1] - A conference call to discuss the results will be held at 2:30 P.M. (4:30 P.M. ET) on the same day [1] Conference Call Details - Participants interested in the question-and-answer session can register to receive dial-in numbers and a unique PIN [2] - A live webcast of the earnings conference call will be available, with a replay accessible approximately two hours after the call [3]

Group 1 - The article expresses a bullish outlook on Grand Canyon Education, Inc. (NASDAQ: LOPE) due to a significant enrollment spike and above-average retention rates positively impacting earnings [1] - The company's shares have shown resilience and growth over the past year, driven by these favorable enrollment and retention metrics [1] Group 2 - The investment strategy discussed involves purchasing undervalued, profitable stocks with strong balance sheets and minimal debt, along with writing calls to generate additional income when opportunities arise [1]

Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for successful short-term investing, highlighting the use of a specific screening strategy to identify stocks with strong fundamentals and positive price momentum [1][2]. Group 1: Stock Screening Strategy - The "Recent Price Strength" screen is designed to identify stocks with sufficient fundamental strength to maintain their upward trend, focusing on those trading in the upper portion of their 52-week high-low range, indicating bullishness [3]. - Grand Canyon Education (LOPE) is highlighted as a strong candidate for trend investing, having increased by 14.8% over the past 12 weeks, reflecting investor confidence [4]. - LOPE has also seen a price increase of 25% over the past four weeks, suggesting that the upward trend is still intact, and it is currently trading at 87.4% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - LOPE carries a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. - The Zacks Rank system has a proven track record, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988, underscoring the effectiveness of this ranking system [7]. Group 3: Additional Insights - Besides LOPE, there are other stocks that meet the criteria of the "Recent Price Strength" screen, suggesting further investment opportunities [8]. - The article encourages investors to utilize various Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [8].

Core Viewpoint - Grand Canyon Education (LOPE) has experienced significant stock performance, with a 24% increase over the past month and a 52-week high of $164.93, outperforming both the Zacks Consumer Discretionary sector and the Zacks Schools industry [1][2]. Financial Performance - The company has consistently exceeded earnings expectations, reporting an EPS of $1.48 against a consensus estimate of $1.46 in its latest earnings report [2]. - For the current fiscal year, Grand Canyon Education is projected to achieve earnings of $8.03 per share on revenues of $1.03 billion, reflecting a 14.06% increase in EPS and a 7.23% increase in revenues [3]. - The next fiscal year forecasts earnings of $8.81 per share on $1.11 billion in revenues, indicating year-over-year changes of 9.71% and 7.73%, respectively [3]. Valuation Metrics - The stock trades at a valuation of 20.4X current fiscal year EPS estimates, which is above the peer industry average of 19.1X [7]. - On a trailing cash flow basis, the stock trades at 20.1X compared to the peer group's average of 12.4X, with a PEG ratio of 1.36 [7]. - Grand Canyon Education holds a Value Score of B, a Growth Score of A, and a Momentum Score of B, resulting in a VGM Score of A [6]. Zacks Rank - The company has a Zacks Rank of 2 (Buy), supported by rising earnings estimates, making it a favorable choice for investors [8]. - The recommendation is to select stocks with a Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, which applies to Grand Canyon Education [8]. Industry Comparison - In comparison to industry peers, Adtalem Global Education Inc. (ATGE) also shows strong performance with a Zacks Rank of 2 (Buy) and solid earnings expectations [9]. - The Schools industry is performing well, ranking in the top 12% of all industries, indicating positive market conditions for both LOPE and ATGE [11].

Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for successful short-term investing, highlighting that price movements should be supported by strong fundamentals and positive earnings estimates [1][2]. Group 1: Stock Performance - Grand Canyon Education (LOPE) has shown a solid price increase of 16.1% over the past 12 weeks, indicating investor confidence in its potential upside [4]. - The stock has experienced a price increase of 24% over the past four weeks, suggesting that the upward trend is still intact [5]. - LOPE is currently trading at 97% of its 52-week high-low range, indicating it may be on the verge of a breakout [5]. Group 2: Fundamental Strength - LOPE holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for investors to identify stocks like LOPE that are on an uptrend supported by strong fundamentals [3]. - The article suggests that there are several other stocks passing through the "Recent Price Strength" screen, providing additional investment opportunities [8].

Grand Canyon Education (LOPE) came out with quarterly earnings of $1.48 per share, beating the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.37%. A quarter ago, it was expected that this for-profit education company would post earnings of $1.09 per share when it actually produced earnings of $1.27, delivering a surprise of 16.51%.Over the last ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-34211 | --- | --- | --- | |-------------------------------------------------------------------------- ...

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE Investor Relations Contact: Daniel E. Bachus Chief Financial Officer Grand Canyon Education, Inc. 602-639-6648 Dan.bachus@gce.com GRAND CANYON EDUCATION, INC. REPORTS THIRD QUARTER 2024 RESULTS PHOENIX, AZ., November 6, 2024—Grand Canyon Education, Inc. (NASDAQ: LOPE), ("GCE" or the "Company"), is a publicly traded education services company that currently provides services to 22 university partners. GCE provides a full array of support services in the post-se ...

Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Has Grand Canyon Education (LOPE) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question. Grand Canyon Education is one of 277 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #10 in the Zacks Sector ...