Grand Canyon Education (LOPE) Surpasses Q3 Earnings Estimates

Core Insights - Grand Canyon Education (LOPE) reported quarterly earnings of $1.48 per share, exceeding the Zacks Consensus Estimate of $1.46 per share, and up from $1.26 per share a year ago, representing an earnings surprise of 1.37% [1] - The company posted revenues of $238.29 million for the quarter ended September 2024, which was slightly below the Zacks Consensus Estimate by 0.42%, but an increase from $221.91 million year-over-year [2] - The stock has gained approximately 5.8% since the beginning of the year, underperforming the S&P 500's gain of 21.2% [3] Earnings Performance - Over the last four quarters, Grand Canyon Education has surpassed consensus EPS estimates four times [2] - The company is currently expected to have a consensus EPS estimate of $2.90 on revenues of $289 million for the upcoming quarter, and $7.98 on revenues of $1.03 billion for the current fiscal year [7] Industry Outlook - The Schools industry, to which Grand Canyon Education belongs, is currently ranked in the top 12% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - The performance of Grand Canyon Education's stock may be influenced by the overall industry outlook and trends in earnings estimate revisions [5][8]