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Recap: Perdoceo Education Q1 Earnings

Perdoceo Education (NASDAQ:PRDO) reported its Q1 earnings results on Thursday, May 5, 2022 at 04:15 PM.

Here's what investors need to know about the announcement.

Earnings

Perdoceo Education beat estimated earnings by 6.38%, reporting an EPS of $0.5 versus an estimate of $0.47.

Revenue was down $679.00 thousand from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.08 which was followed by a 3.08% increase in the share price the next day.

Here's a look at Perdoceo Education's past performance:

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate 0.32 0.38 0.40 0.43
EPS Actual 0.40 0.45 0.41 0.44
Revenue Estimate 166.02M 172.23M 178.33M 181.10M
Revenue Actual 159.86M 174.00M 175.54M 183.64M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Perdoceo Education management provided guidance for FY 2022, expecting earnings between $1.32 and $1.44 per share.

To track all earnings releases for Perdoceo Education visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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