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Investing.com -- Perdoceo Education Corporation (NASDAQ:PRDO) reported second-quarter earnings that exceeded analyst expectations, driving shares up 5.4% as investors responded positively to the company’s strong financial performance and upbeat full-year outlook.
The postsecondary education provider posted adjusted earnings per share of $0.67 for the second quarter, surpassing the analyst estimate of $0.60. Revenue came in at $209.6 million, beating the consensus estimate of $206.92 million and representing a 25.7% increase compared to $166.7 million in the same quarter last year.
Total (EPA:TTEF) student enrollments increased 17.4% to 46,500 as of June 30, 2025, compared to 39,600 in the prior-year period. The growth was supported by a 7.4% increase at CTU, a 7.1% increase at AIUS, and the addition of St. Augustine, which Perdoceo acquired in December 2024.
"During the second quarter, our academic institutions continued to generate strong levels of prospective student interest, while student retention and engagement trended near multi-year highs," said Todd Nelson, President and Chief Executive Officer.
For the third quarter of 2025, Perdoceo expects adjusted earnings per share between $0.60 and $0.62, compared to the analyst consensus of $0.62. For the full year 2025, the company forecasts adjusted earnings per share of $2.48 to $2.55, with the midpoint of $2.52 slightly above the analyst consensus of $2.49.
The company’s board authorized a new $75 million share buyback plan and approved a 15.4% increase in the quarterly dividend to $0.15 per share, marking the second dividend increase since payments began in 2023.
Perdoceo ended the quarter with $659.6 million in cash, cash equivalents, restricted cash and available-for-sale short-term investments, demonstrating its strong financial position as it continues to invest in academic and student support technologies.
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