Perdoceo Education Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line

February 20, 2025

Simply Wall St

Perdoceo Education (NASDAQ:PRDO) Full Year 2024 Results

Key Financial Results

Revenue: US$681.3m (down 4.0% from FY 2023).
Net income: US$147.6m (flat on FY 2023).
Profit margin: 22% (in line with FY 2023).
EPS: US$2.25.

revenue-and-expenses-breakdown — NasdaqGS:PRDO Revenue and Expenses Breakdown February 20th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Perdoceo Education Revenues Beat Expectations

Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) was mostly in line with analyst estimates.

The primary driver behind last 12 months revenue was the Colorado Technical University (CTU) segment contributing a total revenue of US$456.9m (67% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$274.7m (65% of total expenses). Explore how PRDO's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Consumer Services industry in the US.

Performance of the American Consumer Services industry.

The company's shares are down 3.8% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Perdoceo Education's balance sheet and an in-depth analysis of the company's financial position.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.