Recap: Perdoceo Education Q2 Earnings - Perdoceo Education (NASDAQ:PRDO)

Perdoceo Education PRDO reported its Q2 earnings results on Monday, August 8, 2022 at 04:15 PM.

Here's what investors need to know about the announcement.

Perdoceo Education beat estimated earnings by 13.51%, reporting an EPS of $0.42 versus an estimate of $0.37.

Revenue was down $7.86 million from the same period last year.

Last quarter the company beat on EPS by $0.03 which was followed by a 3.07% drop in the share price the next day.

Here's a look at Perdoceo Education's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	0.47	0.32	0.38	0.40
EPS Actual	0.50	0.40	0.45	0.41
Revenue Estimate	180.00M	166.02M	172.23M	178.33M
Revenue Actual	182.96M	159.86M	174.00M	175.54M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Perdoceo Education management provided guidance for FY 2022, expecting earnings between $1.41 and $1.48 per share.

To track all earnings releases for Perdoceo Education visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.