Grand Canyon Education Reports Strong Earnings in Q4 and Estimates for 2023
Grand Canyon Education Inc. (LOPE) reported quarterly earnings of $81.9 million, with earnings per share (EPS) at $2.84. Adjusted for non-recurring items, EPS stood at $2.95. The company's revenue for the quarter was $292.6 million.
For the full year, Grand Canyon Education reported a profit of $226.2 million, or EPS of $7.73, with revenue of $1.03 billion.
Looking ahead, the company estimates EPS for the current quarter ending in March to be between $2.50 and $2.52, with revenue ranging from $286.5 million to $287.5 million.
For the full year 2023, Grand Canyon Education projects EPS between $8.43 and $8.82, with revenue between $1.07 billion and $1.1 billion.