Perdoceo Education (US:PRDO) ZACKSยท2024-08-01 00:05Group 1: Earnings Performance - Perdoceo Education reported quarterly earnings of $0.60 per share, exceeding the Zacks Consensus Estimate of $0.58 per share, but down from $0.61 per share a year ago, representing an earnings surprise of 3.45% [1] - The company has surpassed consensus EPS estimates for the last four quarters [2] - Revenue for the quarter ended June 2024 was $166.74 million, surpassing the Zacks Consensus Estimate by 3.62%, but down from $186.56 million year-over-year [2] Group 2: Stock Performance and Outlook - Perdoceo Education shares have increased approximately 43.8% since the beginning of the year, significantly outperforming the S&P 500's gain of 14% [3] - The future performance of the stock will depend on management's commentary during the earnings call and the company's earnings outlook [4][6] - The current consensus EPS estimate for the upcoming quarter is $0.53 on revenues of $165.53 million, and for the current fiscal year, it is $2.21 on revenues of $653.72 million [7] Group 3: Industry Context - The Schools industry, to which Perdoceo Education belongs, is currently ranked in the top 25% of over 250 Zacks industries, indicating a favorable outlook [8] - The performance of Perdoceo Education's stock may also be influenced by the overall industry outlook [8] - Another company in the same industry, Afya, is expected to report quarterly earnings of $0.37 per share, reflecting a year-over-year increase of 27.6% [9]