Perdoceo Education Corporation (PRDO) reported Q2 earnings this week, and they were outstanding. Some highlights:
- Revenue increased 13 percent to $176 million
- New enrollments increased 45% Y/Y
- Total enrollments increased 20% Y/Y
These are accelerations sequentially, and notably, higher accelerations Y/Y that lead the industry by a wide margin.
Whereas other traded education companies are reporting largely flat or negative growth and forecasts for the remainder of 2020, Perdoceo is growing its income, balance sheet, and cash flows at all levels. And it doesn't take a very long observation to see how much