What To Expect From Grand Canyon Education’s (LOPE) Q4 Earnings

Adam Hejl /
2024/02/12 2:00 am EST

Higher education company Grand Canyon Education (NASDAQ:LOPE) will be reporting results tomorrow afternoon. Here's what investors should know.

Last quarter Grand Canyon Education reported revenues of $221.9 million, up 6.3% year on year, beating analyst revenue expectations by 1%. It was a solid quarter for the company, with revenue guidance for next quarter roughly in line with analysts' expectations.

Is Grand Canyon Education buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Grand Canyon Education's revenue to grow 6.4% year on year to $275.2 million, improving on the 2.9% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.72 per share.

Grand Canyon Education Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates twice over the last two years.

Looking at Grand Canyon Education's peers in the consumer discretionary segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Universal Technical Institute delivered top-line growth of 45.6% year on year, beating analyst estimates by 3.8%. Universal Technical Institute traded up 4.2% on the results.

Read our full analysis of Universal Technical Institute's results here.

There has been positive sentiment among investors in the consumer discretionary segment, with the stocks up on average 4.5% over the last month. Grand Canyon Education is up 5.6% during the same time, and is heading into the earnings with analyst price target of $155, compared to share price of $133.

One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.

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