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Grand Canyon Education (LOPE)
NASDAQ:LOPE
Holding LOPE?
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.94Last Year’s EPS
$2.77Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: 0.10%
|Next Earnings Date:Feb 12, 2025
Earnings Call Sentiment|Positive
The earnings call revealed solid growth in online and hybrid enrollments, strong financial performance, and successful program expansions. However, it was tempered by slight declines in ground enrollments and unexpected lower service revenues affected by inflation. Despite these challenges, the overall sentiment remains optimistic with strategic initiatives showing promise.Company Guidance
During the Q3 2024 earnings call for Grand Canyon Education, several key metrics and guidance details were discussed. Online enrollment growth was reported at 28%, while hybrid enrollment growth, excluding closed sites and those in teach-out, was 12.6%. Ground enrollment saw a slight year-over-year decrease, aligning with industry challenges. The company achieved a net income increase of 16%, reaching $41.5 million, and GAAP diluted income per share for the quarter was $1.42. Service revenue rose 7.4% to $238.3 million, driven by a 4% increase in GCU enrollments and an 8.1% rise in off-campus classroom and laboratory enrollments. Operating income increased by $6.7 million to $48.2 million, with an operating margin of 20.2%. Looking ahead, the company anticipates mid-single-digit growth in new online enrollments for Q4 2024 and projects hybrid revenues to grow year-over-year in the high single-digit to low teens range for 2025, with an overall goal of the hybrid pillar reaching near breakeven.Online Enrollment Growth
Online enrollment grew by 28% and hybrid enrollment increased by 12.6%, excluding closed sites and teach-outs.
New Programs and Workforce Initiatives
GCU rolled out 148 new programs, emphases, and certificates across 10 colleges, directly tied to labor market opportunities.
Strong Financial Performance
Service revenue increased by 7.4% to $238.3 million in Q3 2024, with operating income up by $6.7 million to $48.2 million.
Improved Operating Margins
Operating margin increased to 20.2% from 18.7% year-over-year.
Net Income Growth
Net income increased by 16% to $41.5 million in Q3 2024 compared to $35.7 million in Q3 2023.
Strategic Partnerships and Achievements
GCE helped its partners graduate 175,209 students, including significant numbers in education, nursing, and business.
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LOPE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LOPE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $160.15 | $163.54 | +2.12% |
| Aug 06, 2024 | $147.39 | $142.23 | -3.50% |
| May 07, 2024 | $139.78 | $147.08 | +5.22% |
| Feb 13, 2024 | $130.24 | $132.60 | +1.81% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Grand Canyon Education (LOPE) report earnings?
Grand Canyon Education (LOPE) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Grand Canyon Education (LOPE) earnings time?
Grand Canyon Education (LOPE) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LOPE EPS forecast?
LOPE EPS forecast for the fiscal quarter 2024 (Q4) is $2.94.
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