Grand Canyon Ed Inc Stock Price, News & Analysis

Grand Canyon Education (NASDAQ: LOPE) reported its fourth-quarter financial results for 2022, revealing a service revenue of $258.7 million, a 2.9% increase from 2021. However, the net income decreased by 16.5% to $71.0 million. Operating income fell to $90.7 million from $102.4 million in the same quarter last year. For 2022, total service revenue reached $911.3 million, up 1.6%, but net income dropped 29.1% to $184.7 million. Looking forward, GCE anticipates 2023 service revenue between $939 million and $965 million, with a diluted EPS guidance of $5.90 to $6.47.

Grand Canyon Education, Inc. (Nasdaq: LOPE) will report its 2022 fourth quarter results on February 16, 2023, after market close. A conference call will be held at 2:30 PMlive webcast, which will be replayed later. Grand Canyon Education provides services to 27 university partners, leveraging 30 years of industry experience in higher education support services.

Grand Canyon Education (NASDAQ: LOPE) reported Q3 2022 service revenue of $208.7 million, up 0.9% from Q3 2021, driven by an 8% growth in traditional campus enrollments despite a 4.7% decline in online enrollments. Operating income fell 21.6% to $35.5 million, with a margin of 17%. Net income decreased by 37% to $30 million, and diluted EPS was $0.96. The company announced a $200 million increase in its stock repurchase program. GCE projects Q4 2022 revenue between $255.5 million and $256.5 million and diluted EPS of $2.18 to $2.19.

Grand Canyon Education, Inc. (Nasdaq: LOPE) announced that it will release its third-quarter results for 2022 after the market close on October 27, 2022. A conference call to discuss the results will be held the same day at 1:30 P.M. (4:30 P.M. ET). Investors and interested parties can register for the call here to receive dial-in details and a unique PIN.

Grand Canyon University's CityServe initiative has successfully distributed over $3 million worth of goods to more than 6,500 families in its first year. Partnering with major retailers like Costco, Amazon, and Walmart, GCU acts as a HUB for CityServe, relying on 2,700 volunteer hours to operate more than 90 points of distribution across Arizona. This program focuses on providing essential household items and fostering sustainability in the community. The demand led to the expansion of warehouse space from 35,000 to over 88,000 square feet.

Grand Canyon Education, Inc. (NASDAQ: LOPE) reported Q2 2022 results, showing service revenue of $199.8 million, down 0.9% from Q2 2021. Key factors included a 7.5% decline in online enrollments and a 34% drop in OTA program participants. Operating income fell to $33.8 million, a 32.7% decrease year-over-year. Net income was $25.6 million, down 48.3%. The company expects Q3 2022 service revenue between $207.3 million and $209.3 million and full-year revenue between $903.2 million and $909.2 million. The decline in online enrollments raises concerns for future growth.

Grand Canyon Education (Nasdaq: LOPE) will report its Q2 2022 earnings on August 4, 2022, after market close. A conference call is scheduled for 1:30 PM PT to discuss the results in detail. Interested participants can register for the call to obtain dial-in numbers and a unique PIN. The live webcast will be available for investors and the public, with a replay accessible two hours after the call concludes. Grand Canyon Education supports 27 university partners with a wide range of education services, leveraging over 30 years of industry expertise.

Grand Canyon Education, Inc. (LOPE) reported Q1 2022 service revenue of $244.1 million, a 3.0% increase from Q1 2021. This growth was driven by an increase in revenue per student, though overall enrollments dropped by 4.5% year-over-year to 110,217. Operating income fell 7.9% to $77.5 million with an operating margin of 31.7%. Net income decreased 25.6% to $58.1 million, while diluted EPS decreased slightly from $1.69 to $1.66. The outlook for Q2 2022 anticipates service revenue between $199.5 million and $202.7 million.

Grand Canyon Education (Nasdaq: LOPE) will report its Q1 2022 results on May 4, 2022, after market close. A conference call to discuss the results will take place at 1:30 P.M. (4:30 P.M. ET) on the same day. Investors can access the live webcast here, with a replay available two hours after the call. GCE offers education services to 27 university partners, leveraging 30 years of experience to enhance post-secondary education support through various services, including enrollment management and technology solutions.