LOPE - Grand Canyon Education Q2 results mixed co cuts FY 2022 service revenue guidance

August, 04 2022 04:23 PM Grand Canyon Education Inc.

Grand Canyon Education press release ( NASDAQ: LOPE ): Q2 Non-GAAP EPS of $0.85 beats by $0.01 .
Revenue of $199.75M (-0.9% Y/Y) misses by $1.31M .
Partner enrollments totaled 96,029 at June 30, 2022 as compared to 101,808 at June 30, 2021.
Sees Q3 service revenue of between $207.3 million and $209.3 million vs. previously $209.8 million and $218.0 million.
Sees Q3 adj. EPS of between $0.86 and $0.88 vs. previously $0.93 and $1.12.
Sees Q4 service revenue of between $252.0 million and $256.0 million vs. previously $254.2 million and $266.8 million.
Sees Q4 adj. EPS of between $2.14 and $2.18 vs. previously $2.08 and $2.38.
Sees FY 2022 service revenue of between $903.2 million and $909.2 million vs. previously $907.6 million and $931.6 million. Consensus revenue estimate is $919.75M.
Sees FY 2022 adj. EPS of between $5.60 and $5.66 vs. previously $5.53 and $6.09. Consensus revenue estimate is $5.84.

For further details see: