Workflow
Perdoceo Education (PRDO)
icon
Search documents
Perdoceo (PRDO) Expands into Health Sciences With USAHS Buyout
ZACKS· 2024-07-17 16:30
Founded in 1979, USAHS is one of the nation's leading universities known for its graduate health sciences degrees in physical therapy, occupational therapy, speech-language therapy, nursing and continuing education programs. The university operates campuses in San Marcos, CA; St. Augustine and Miami, FL; and Austin and Dallas, TX, in addition to offering online programs. USAHS holds accreditation from the Western Association of Schools and Colleges (WASC). Shares of this Zacks Rank #3 (Hold) company have ga ...
PRDO vs. LOPE: Which Stock Is the Better Value Option?
ZACKS· 2024-06-19 16:40
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 earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits. The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P ...
Should Value Investors Buy Perdoceo Education (PRDO) Stock?
ZACKS· 2024-06-07 14:46
Group 1 - Perdoceo Education (PRDO) is currently rated 2 (Buy) by Zacks and has a Value grade of A, with a P/E ratio of 9.73 compared to the industry average of 18.87 [1][4] - Over the past year, PRDO's Forward P/E has fluctuated between 6.59 and 11.06, with a median of 8.35 [1] - PRDO has a PEG ratio of 0.65, which is lower than the industry's average PEG of 1.12, indicating potential undervaluation [3][4] Group 2 - The P/B ratio for PRDO is 1.67, significantly lower than the industry average of 3.74, suggesting a solid valuation relative to its book value [7] - PRDO's P/B has ranged from 1.03 to 1.85 over the past 52 weeks, with a median of 1.38 [7] - The combination of these metrics positions PRDO as one of the market's strongest value stocks, particularly given its earnings outlook [4]
Are Investors Undervaluing Perdoceo Education (PRDO) Right Now?
zacks.com· 2024-05-22 14:46
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 ...
Perdoceo Education (PRDO) is on the Move, Here's Why the Trend Could be Sustainable
zacks.com· 2024-05-22 13:51
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 ...
PRDO or LOPE: Which Is the Better Value Stock Right Now?
zacks.com· 2024-05-16 16:41
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 ...
Perdoceo Education (PRDO) - 2024 Q1 - Earnings Call Transcript
2024-05-02 00:08
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]
Perdoceo Education (PRDO) - 2024 Q1 - Quarterly Report
2024-05-01 20:16
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 ...
Perdoceo Education (PRDO) - 2024 Q1 - Quarterly Results
2024-05-01 20:15
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 (PRDO) - 2023 Q4 - Earnings Call Transcript
2024-02-22 02:40
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 ...