I've been managing my own as well as family members' portfolios for several years now. I love the investing process, getting to learn about a variety of new and interesting companies, learning about investing psychology, and all the myriad things that contribute to successful (and from time to time, not so successful) investing outcomes. A big component of my investing philosophy is to try to have my errors be largely skewed towards errors of omission rather than errors of commission, as the former are much ...

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. -- ...

Perdoceo Education Corporation (PRDO) has completed its acquisition of the University of St. Augustine for Health Sciences, LLC (“USAHS”). This transaction was valued at approximately $138 million in cash, net of cash acquired.Shares of this postsecondary education provider rose 1.8% during yesterday’s trading hours.PRDO to Drive Growth With USAHS’ AcquisitionThis acquisition is expected to enhance PRDO's financial performance and contribute to its long-term growth trajectory. Founded in 1979, USAHS is a le ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of a ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

Shares of Perdoceo Education (PRDO) have been strong performers lately, with the stock up 30.7% over the past month. The stock hit a new 52-week high of $29.47 in the previous session. Perdoceo Education has gained 59.2% since the start of the year compared to the 11.3% move for the Zacks Consumer Discretionary sector and the 3.9% return for the Zacks Schools industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consen ...

Perdoceo Education Corporation (PRDO) posted better-than-expected results in third-quarter 2024, with earnings and revenues surpassing the Zacks Consensus Estimate.However, on a year-over-year basis, both metrics declined due to the lagging impact of 2023 operational changes at the American InterContinental University System (“AIUS”) and the simplification of professional development offerings at Colorado Technical University (“CTU”).Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.F ...

Financial Data and Key Metrics Changes - Net income for Q3 2024 was $38.3 million or $0.57 per diluted share, compared to $41.3 million or $0.62 per diluted share in the prior year [12][15] - Adjusted earnings per diluted share were $0.59, down from $0.64 in the prior year [15] - Revenue for the quarter was $169.8 million, a decrease of 5.6% or $10.1 million compared to $179.9 million [19] - Operating income increased to $44.8 million, up $1.7 million from the prior year [16] Business Line Data and Key Metrics Changes - At CTU, revenue decreased by 4% to $115.7 million, while operating income increased to $44.2 million from $34.5 million in the prior year [21] - At AIU System, revenue was $53.9 million, down 9% from the prior year, with operating income at $9.1 million compared to $15.6 million previously [22] Market Data and Key Metrics Changes - Total enrollments at CTU grew by 13.6%, driven by corporate engagement programs [13][20] - Total enrollments at AIU System increased by 4%, ahead of expectations [20] Company Strategy and Development Direction - The company is focused on enhancing student experiences through technology and data analytics [10][29] - The acquisition of the University of St. Augustine is expected to significantly increase student numbers in health sciences and support growth in academic offerings [11][30] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about student retention and engagement trends, expecting continued growth in the fourth quarter [31][32] - The company anticipates adjusted operating income for the full year 2024 to range between $188 million and $191 million, an increase from previous estimates [31] Other Important Information - The effective tax rate for Q3 was 26.9%, with expectations for the full year to be between 26% and 27% [24] - The company ended the quarter with $722.6 million in cash and equivalents, an increase of approximately $118.4 million since the end of the previous year [25] Q&A Session Summary - No specific questions or answers were recorded in the provided content, indicating the end of the conference call [38]

Perdoceo Education (PRDO) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.32%. A quarter ago, it was expected that this for-profit education company would post earnings of $0.58 per share when it actually produced earnings of $0.60, delivering a surprise of 3.45%.Over the last four ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 0-23245 PERDOCEO EDUCATION CORPORATION (Exact name of registrant as specified in its charter) Delaware 36-3932190 (State or oth ...