Grand Canyon Education (NASDAQ: LOPE) reported Q1 EPS of $0.92, $0.04 better than the analyst estimate of $0.88. Revenue for the quarter came in at $227 million versus the consensus estimate of $223.97 million.

End-of-period enrollment increased 8.0% to 75,096 at March 31, 2016, from 69,552 at March 31, 2015, as ground enrollment increased 17.0% to 14,158 at March 31, 2016, from 12,102 at March 31, 2015 and online enrollment increased 6.1% to 60,938 at March 31, 2016, from 57,450 at March 31, 2015.

2016 Outlook by Quarter

Q2 2016: Net revenue of $189.0 million; Target Operating Margin 22.0%; Diluted EPS of $0.54 using 47.2 million diluted shares; student counts of 66,600

Q3 2016: Net revenue of $205.0 million; Target Operating Margin 23.5%; Diluted EPS of $0.62 using 47.7 million diluted shares; student counts of 81,000

Q4 2016: Net revenue of $240.0 million; Target Operating Margin 31.0%; Diluted EPS of $0.96 using 47.9 million diluted shares; student counts of 80,700

Full Year 2016: Net revenue of $861.0 million; Target Operating Margin 27.1%; Diluted EPS of $3.05 using 47.4 million diluted shares

For earnings history and earnings-related data on Grand Canyon Education (LOPE) click here.