Grand Canyon Education (LOPE) Reports Q4: Everything You Need To Know Ahead Of Earnings

StockStory
18 Feb
Grand Canyon Education (LOPE) Reports Q4: Everything You Need To Know Ahead Of Earnings

Higher education company Grand Canyon Education (NASDAQ:LOPE) will be reporting earnings tomorrow afternoon. Here’s what investors should know.

Grand Canyon Education missed analysts’ revenue expectations by 0.5% last quarter, reporting revenues of $238.3 million, up 7.4% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ adjusted operating income estimates but a miss of analysts’ students estimates. It reported 127,977 students, up 3.9% year on year.

Is Grand Canyon Education a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Grand Canyon Education’s revenue to grow 4% year on year to $289.5 million, slowing from the 7.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.94 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Grand Canyon Education has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Grand Canyon Education’s peers in the education services segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Adtalem delivered year-on-year revenue growth of 13.9%, beating analysts’ expectations by 4.7%, and Universal Technical Institute reported revenues up 15.3%, topping estimates by 3.9%. Adtalem traded up 4.6% following the results while Universal Technical Institute was also up 3.8%.

Read our full analysis of Adtalem’s results here and Universal Technical Institute’s results here.

Investors in the education services segment have had steady hands going into earnings, with share prices up 1.2% on average over the last month. Grand Canyon Education is up 7.3% during the same time and is heading into earnings with an average analyst price target of $182.33 (compared to the current share price of $183.70).

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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