Grand Canyon Education, Inc. (NASDAQ:LOPE) is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 1.11 per share.
For the full year, analysts predict revenues of $ 842.43 million, while looking forward to income of $ 5.46 per share.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 1.11 ~ $ 1.11 per share, while revenues are expected in a range of $ 197.50 million ~ $ 197.50 million
Full Year 2020 topline are forecasted in a range of$ 842.40 million ~ $ 842.40 million, where as bottomline are predicted in a range of $ 5.47 ~ $ 5.47 per share
Click Here For More Historical Outlooks Of Grand Canyon Education, Inc.
Previous Quarter Performance
Grand Canyon Education, Inc. posted income for the second quarter of $ 1.03 per share, from the revenue of $ 185.77 million. The quarterly earnings 5.50 percent while revenues up 6.26 percent compared with the same quarter last year.
According to street consensus, LOPE was expected to report 2Q20 income of $ 0.89 per share from revenue of $ 179.86 million. The bottom line results beat street analysts by $ 0.14 or 15.73 percent, at the same time, top line results outshined analysts by $ 5.91 million or 3.29 percent.
Stock Performance
Shares of Grand Canyon Education, Inc. traded up $ 4.68 or 6.04 percent on Wednesday, reaching $ 82.15 with volume of 425.30 thousand shares. Grand Canyon Education, Inc. has traded high as $ 82.73 and has cracked $ 77.36 on the downward trend
The closing price of $ 82.15, representing a 33.82 % increase from the 52 week low of $ 57.89 and a 27.01 % decrease over the 52 week high of $ 106.14.
The company has a market capital of $ 3.88 billion and is part of the Consumer Defensive sector and Education & Training Services industry.
Recent Analyst recommendations
- On 11th September 2020, upgraded by Sidoti to Buy from Neutral rating.
Conference Call
Grand Canyon Education, Inc. will be hosting a conference call at 4:30 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.gce.com
Grand Canyon Education, Inc. provides education services in the United States. It offers technology and academic, counseling and support, and marketing and communication services, as well as back office services, such as financial aid processing, accounting, reporting, tax, human resources, and procurement services to the Grand Canyon University.
