* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, June 3, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Entertainment Partners Acquires CASHét, Digital Payments Vendor for Productions – Variety

    Entertainment Partners Acquires CASHét, Digital Payments Vendor for Productions – Variety

    Salem’s Harborwalk Garden Cultivates Community with Entertainment, Food, and Events – 105.7 WROR

    Discover the Vibrant Community Spirit at Salem’s Harborwalk Garden: A Hub for Entertainment, Food, and Fun!

    Entertainment-Focused Narrative and Culture Change Practice – New America

    Transforming Culture Through Engaging Entertainment Narratives

    Rising stars: Young classical musicians surging on social media – Yahoo

    Meet the Next Generation of Classical Music Sensations Making Waves on Social Media!

    Devin Harjes Dies: ‘Manifest’ & ‘Boardwalk Empire’ Actor Was 41 – WyomingNews.com

    Tragic Loss: Devin Harjes, Star of ‘Manifest’ and ‘Boardwalk Empire,’ Passes Away at 41

    Why Starz Entertainment Stock Soared Today – The Motley Fool

    Unpacking the Surge: What Fueled Starz Entertainment’s Stock Explosion Today!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Finland Set to Lead EU Quantum Technology Defense Project – IoT World Today

    Finland Set to Lead EU Quantum Technology Defense Project – IoT World Today

    AI for lawyers: Win back your time using technology – nationaljurist.com

    Reclaim Your Time: How AI is Transforming the Legal Profession

    Prosecutors accuse men of exporting U.S. military technology to China – Milwaukee Journal Sentinel

    Men Charged with Illegally Exporting U.S. Military Technology to China

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    This giant microwave may change the future of war – MIT Technology Review

    Revolutionizing Warfare: The Impact of a Game-Changing Giant Microwave

    Bajeed Pattan Joins Forbes Technology Council as Innovation Leader – PRWeb

    Bajeed Pattan Takes the Helm as Innovation Leader at Forbes Technology Council!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Entertainment Partners Acquires CASHét, Digital Payments Vendor for Productions – Variety

    Entertainment Partners Acquires CASHét, Digital Payments Vendor for Productions – Variety

    Salem’s Harborwalk Garden Cultivates Community with Entertainment, Food, and Events – 105.7 WROR

    Discover the Vibrant Community Spirit at Salem’s Harborwalk Garden: A Hub for Entertainment, Food, and Fun!

    Entertainment-Focused Narrative and Culture Change Practice – New America

    Transforming Culture Through Engaging Entertainment Narratives

    Rising stars: Young classical musicians surging on social media – Yahoo

    Meet the Next Generation of Classical Music Sensations Making Waves on Social Media!

    Devin Harjes Dies: ‘Manifest’ & ‘Boardwalk Empire’ Actor Was 41 – WyomingNews.com

    Tragic Loss: Devin Harjes, Star of ‘Manifest’ and ‘Boardwalk Empire,’ Passes Away at 41

    Why Starz Entertainment Stock Soared Today – The Motley Fool

    Unpacking the Surge: What Fueled Starz Entertainment’s Stock Explosion Today!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Finland Set to Lead EU Quantum Technology Defense Project – IoT World Today

    Finland Set to Lead EU Quantum Technology Defense Project – IoT World Today

    AI for lawyers: Win back your time using technology – nationaljurist.com

    Reclaim Your Time: How AI is Transforming the Legal Profession

    Prosecutors accuse men of exporting U.S. military technology to China – Milwaukee Journal Sentinel

    Men Charged with Illegally Exporting U.S. Military Technology to China

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    This giant microwave may change the future of war – MIT Technology Review

    Revolutionizing Warfare: The Impact of a Game-Changing Giant Microwave

    Bajeed Pattan Joins Forbes Technology Council as Innovation Leader – PRWeb

    Bajeed Pattan Takes the Helm as Innovation Leader at Forbes Technology Council!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

From Strength To Strength: Perdoceo Education (PRDO) Beats Q4 Estimates With Eye On 2024 Growth

February 23, 2024
in Business
From Strength To Strength: Perdoceo Education (PRDO) Beats Q4 Estimates With Eye On 2024 Growth
Share on FacebookShare on Twitter

Following a strong finish to 2023, Perdoceo Education (PRDO) is poised for a substantial rebound in student enrollments and additional bottom-line growth in the year ahead.

SOPA Images/LightRocket via Getty Images

As has become common practice at this point, Perdoceo Education
PRDO
reported another set of better-than-anticipated quarterly results last night. Due to the expected 39.3% year-over-year drop in student enrollments at its American InterContinental University System (AIUS) that resulted from short-term operational changes undertaken and adjustments made to its processes around generating prospective student inquiries during 2023 in order to comply with new regulations, total Q4 revenue declined 16.0% to $147.9 million. But this still came in $1.7 million ahead of consensus as enrollments at its Colorado Technical University (CTU) were up 3.2% and student retention and engagement during the quarter were the highest they have been over the past few years across both of the company’s academic institutions. And thanks to PRDO incurring less marketing and legal costs and earning a lot more interest income on its hefty and growing cash balance, adjusted earnings fell by just 12.9% to 27 cents per share versus the much larger drop of 25.8% to 23 cents expected.

Better yet, this solid operating performance also drove the production of $11.6 million in free cash flow during the quarter, which allowed PRDO to shell out $7.2 million for its recently initiated dividend and repurchase $3.8 million worth of its shares while still increasing its already massive cash hoard slightly to $604.2 million (which translates into about $9 in net cash per share and represents more than half of its current share price).

Perdoceo Education (PRDO) is one of the stocks recommended in our market-beating investment newsletter, Forbes Investor. To find more undervalued gems with significant upside like PRDO, try Forbes Investor here.

That’s only likely to increase given the better-than-expected forecast the company also provided for 2024. Indeed, with the high levels of student retention and engagement it experienced in the second half of 2023 expected to persist and drive substantial enrollment growth—including a double-digit rebound in enrollments at AIUS—PRDO is projecting $2.04-2.26 in earnings per share this year. While the $2.15 midpoint of the latter only implies growth of about 2% from 2023, it compares favorably to the flat earnings of $2.10 projected by analysts. And as its cash load continues to rise, I’d expect the stock to finally break out of the range it has been bound to for the past several months.

Send me a secure tip. 

Julius Juenemann, CFA is the equity analyst and associate editor of the Forbes Special Situation Survey and Forbes Investor investment newsletters. Perdoceo Education (PRDO) is a current recommendation in the Forbes Investor. To access this and the other stocks being recommended through the Forbes Investor, click here to subscribe.

Julius Juenemann

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Forbes – https://www.forbes.com/sites/investor-hub/2024/02/22/from-strength-to-strength-perdoceo-education-prdo-beats-q4-estimates-with-eye-on-2024-growth

Tags: businessPerdoceostrength
Previous Post

Man Sentenced To Prison For Role In Covid-19 Fraud Schemes Totaling Over $2.1 Million

Next Post

Best Body Scrubs 2024

From Eggs To Fingerlings, Wyoming Students Dive Into The World Of Fish Conservation – KGAB

From Eggs to Fingerlings: Wyoming Students Make Waves in Fish Conservation!

June 3, 2025
‘Sport Science’ founder, host John Brenkus dies at 54 – USA Today

Remembering John Brenkus: The Visionary Behind ‘Sport Science’ Passes Away at 54

June 3, 2025
Champion for Science Education Begins Term as 2025–2026 President of the National Science Teaching Association – FinancialContent

New Era for Science Education: Meet the 2025–2026 President of the National Science Teaching Association!

June 3, 2025
What is the 6-6-6 walking workout that’s going viral? Know its health benefits – financialexpress.com

Discover the Viral 6-6-6 Walking Workout: Unlock Its Amazing Health Benefits!

June 3, 2025

Rediscovered After 185 Years: Meet the Adorable Asian Small-Clawed Otter, the World’s Tiniest Otter Species!

June 3, 2025
USD/JPY climbs a full cent as the US economy keeps on rolling – TradingView

USD/JPY Soars as US Economic Momentum Continues!

June 3, 2025
Entertainment Partners Acquires CASHét, Digital Payments Vendor for Productions – Variety

Entertainment Partners Acquires CASHét, Digital Payments Vendor for Productions – Variety

June 3, 2025
Entry list: Henry Ford Health 200 at Michigan International Speedway – arcaracing.com

Get Ready for the Henry Ford Health 200: Exciting Entry List Revealed for Michigan International Speedway!

June 3, 2025
Inside Iowa Politics: The men who have disappeared from the workforce – KTIV

Inside Iowa Politics: The men who have disappeared from the workforce – KTIV

June 3, 2025
Gayatri Narayan joins Builders FirstSource as President, Technology and Digital Solutions – Woodworking Network

Gayatri Narayan Takes the Helm as President of Technology and Digital Solutions at Builders FirstSource!

June 3, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (663)
  • Economy (677)
  • Entertainment (21,583)
  • General (15,259)
  • Health (9,720)
  • Lifestyle (680)
  • News (22,149)
  • People (678)
  • Politics (686)
  • Science (15,898)
  • Sports (21,182)
  • Technology (15,663)
  • World (665)

Recent News

From Eggs To Fingerlings, Wyoming Students Dive Into The World Of Fish Conservation – KGAB

From Eggs to Fingerlings: Wyoming Students Make Waves in Fish Conservation!

June 3, 2025
‘Sport Science’ founder, host John Brenkus dies at 54 – USA Today

Remembering John Brenkus: The Visionary Behind ‘Sport Science’ Passes Away at 54

June 3, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version