We should also highlight that PRDO has a P/B ratio of 1.77. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 3.83. Over the past year, PRDO's P/B has been as high as 1.85 and as low as 1.03, with a median of 1.38. These are just a handful of the figures considered in Perdoceo Education's great Value grade. Still, they help show that the sto ...

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive. Inv ...

Investors with an interest in Schools stocks have likely encountered both Perdoceo Education (PRDO) and Grand Canyon Education (LOPE) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnin ...

Financial Data and Key Metrics Changes - First quarter operating income was $46.3 million, an increase of $2.9 million compared to the prior year, primarily driven by approximately $30 million in lower expenses [13] - First quarter revenue decreased by 14% to $168.3 million from $195.6 million in the prior year, attributed to fewer revenue earning days and lag impact from operational changes [20] - Net income for the first quarter was $39.4 million or $0.59 per diluted share, compared to $34.5 million or $0.50 per diluted share in the prior year [19] - Adjusted earnings per diluted share was $0.60, slightly up from $0.58 in the prior year [19] Business Line Data and Key Metrics Changes - Revenue at CTU decreased by 8.8% to $113.6 million, with operating income at $42.2 million, down from $43.7 million [24] - AIU System's revenue was $54.5 million, a decline of 23.1% compared to the prior year, with operating income of $9.3 million, down by $2.7 million [25][26] - Total student enrollments for CTU increased by 28.5%, while AIU System experienced a decline of 22.9% [22][48] Market Data and Key Metrics Changes - Total enrollments for the first quarter were approximately 30% higher than the low point in the fourth quarter of 2023 [23] - The academic calendar at CTU is expected to have a negative impact on revenue during the first half of 2024, with a more normalized second half [24][36] Company Strategy and Development Direction - The company is focused on investing in technology and improving processes to enhance student experiences and academic outcomes [46][38] - Capital allocation strategy prioritizes investments in organic projects and technology initiatives, while also evaluating acquisitions [31][38] - The company expects to continue share repurchases as part of its long-term capital allocation strategy [30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong levels of student retention and engagement, expecting these trends to persist through 2024 [42][43] - The outlook for full year 2024 adjusted operating income is now expected to range between $175 million and $190 million, reflecting better than expected performance in the first quarter [6] - The company anticipates revenue growth in the second half of 2024, particularly in the fourth quarter, as the lag impact on revenue at AIU System moderates [21][34] Other Important Information - The company recorded a provision for income taxes of $13.4 million, resulting in an effective tax rate of 25.4% for the first quarter [28] - Capital expenditures for the first quarter were approximately $1.2 million, with expectations for the full year to be between 1% to 2% of revenues [51] Q&A Session Summary Question: What are the expectations for the second quarter of 2024? - The company expects adjusted operating income to be in the range of $48 million to $50 million, compared to $55.2 million in the prior year quarter, with adjusted earnings per diluted share ranging between $0.57 and $0.59 [35]

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 EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 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: 0-23245 PERDOCEO EDUCATION CORPORATION (Exact name of registrant as specified in its charter) Registrant's telephone number, includ ...

PRDO ANNOUNCES 1Q24 RESULTS …PG 1 Exhibit 99.1 PERDOCEO EDUCATION CORPORATION ANNOUNCES FIRST QUARTER 2024 RESULTS Schaumburg, Ill. (May 1, 2024) – Perdoceo Education Corporation (NASDAQ: PRDO) today reported operating and financial results for the quarter ended March 31, 2024. First Quarter 2024 Results as Compared to Prior Year Quarter *See GAAP (U.S. generally accepted accounting principles) to non-GAAP reconciliation attached to this press release "First quarter results were better than expected, as bot ...

Perdoceo Education Corporation (NASDAQ:PRDO) Q4 2023 Earnings Conference Call February 21, 2024 5:30 PM ET Company Participants Davis Snyder - IR Todd Nelson - President and CEO Ashish Ghia - CFO Conference Call Participants Operator Good day everyone and welcome to the Perdoceo Education Corporation Fourth Quarter and Full Year 2023 Earnings Conference Call. Today's call is being recorded. I would now like to turn the call over to Davis Snyder with Investor Relations. Please go ahead sir. Davis Snyder Than ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 0-23245 PERDOCEO EDUCATION CORPORATION (Exact name of Registrant as specified in its charter) | Delaware | 36-3932190 | | --- | --- | | ( ...

Revenue and Income - Revenue for the full year 2023 increased by 2.1% to $710.0 million, driven by an 11.8% increase at CTU[5] - Operating income for the full year 2023 increased by 16.1% to $150.4 million, while adjusted operating income increased by 6.7% to $174.9 million[12] - Net income for the full year 2023 was $147.7 million, a 54.1% increase compared to $95.9 million for the prior year[17] - Total revenue for 2023 was $710,004,000, a 2.3% increase from $695,208,000 in 2022[37] - Net income for 2023 reached $147,652,000, representing a 54.1% increase compared to $95,867,000 in 2022[37] - Operating income improved to $150,446,000 in 2023, up 16.0% from $129,637,000 in 2022, with an operating margin of 21.2%[37] - Adjusted operating income for 2023 was $174,912,000, compared to $163,968,000 in 2022[45] Student Enrollment - Total student enrollments decreased by 12.0% to 34,500, with CTU increasing by 3.2% and AIUS decreasing by 39.3%[7] Cash and Assets - Cash, cash equivalents, restricted cash, and available-for-sale short-term investments totaled $604.2 million as of December 31, 2023, compared to $518.2 million a year earlier[22] - Total current assets decreased to $575.119 million in 2023 from $654.964 million in 2022[32] - Total assets increased to $1.007 billion in 2023, up from $957.368 million in 2022[32] - Total stockholders' equity rose to $841.421 million in 2023, compared to $725.845 million in 2022[32] Earnings Per Share - Adjusted earnings per diluted share for the full year 2023 increased by 28.8% to $2.10 compared to $1.63 for the prior year[17] - Reported Earnings Per Diluted Share for Q4 2023 was $0.26, up from $0.23 in Q4 2022, and for the full year 2023, it was $2.18 compared to $1.39 in 2022[47] - Adjusted Earnings Per Diluted Share for Q4 2023 was $0.27, down from $0.31 in Q4 2022, while for the full year 2023, it was $2.10 compared to $1.63 in 2022[47] - The outlook for Q1 2024 projects Reported Earnings Per Diluted Share between $0.52 and $0.54, compared to $0.50 in Q1 2023[47] - The full year 2024 outlook for Reported Earnings Per Diluted Share is between $1.96 and $2.18, matching the actual figure of $2.18 for 2023[47] Dividends and Stock Repurchase - The board declared a quarterly dividend of $0.11 per share, payable on March 15, 2024[18] - A new stock repurchase program was approved, allowing the company to repurchase up to $50.0 million of its common stock, effective March 1, 2024[19] Future Outlook - The company expects operating income for Q1 2024 to be between $40.1 million and $42.1 million, and for the full year 2024 to be between $154.6 million and $174.6 million[24] - The company expects an effective income tax rate of approximately 25.5% for Q1 2024 and around 26% for the full year[25] - The outlook for 2024 assumes no significant impact from regulatory changes or legal matters affecting operations[25] Educational Commitment - The company continues to focus on enhancing student experiences and retention through innovative educational technologies[27] - Perdoceo's institutions are committed to providing quality education that meets the needs of today's workforce[27] Other Financial Metrics - Cash flows from operating activities decreased to $112,025,000 in 2023 from $148,186,000 in 2022[39] - The company reported a total other income of $41,675,000 in 2023, significantly up from $4,632,000 in 2022[37] - The CTU segment generated revenue of $468,926,000 in 2023, a 11.7% increase from $419,617,000 in 2022[43] - AIUS segment revenue decreased to $240,300,000 in 2023, down 12.5% from $274,479,000 in 2022[43] Acquisitions and Non-GAAP Measures - The company completed the acquisition of Coding Dojo on December 1, 2022, and CalSouthern on July 1, 2022, impacting the results of operations[51] - The company emphasizes the use of non-GAAP financial measures to provide a clearer view of operational performance, excluding certain non-cash items[49] - Adjusted operating income and adjusted earnings per diluted share are used to compare current results with industry peers, excluding non-routine expenses[49] - The company notes that future results may still be affected by unusual or non-recurring expenses despite the use of adjusted measures[49]

Perdoceo Education Corporation (NASDAQ:PRDO) Q3 2023 Earnings Conference Call November 2, 2023 5:30 PM ET Company Participants Davis Snyder - IR Andrew Hurst - President & CEO Ashish Ghia - CFO Conference Call Participants Operator Ladies and gentlemen, thank you for standing by. My name is Bhavesh, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Perdoceo Education Corporation Third Quarter 2023 Earnings Conference Call. At this time all lines have been plac ...