Grand Canyon Education, Inc. Reports Second Quarter 2018 Results
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Grand Canyon Education (LOPE) Tops Q2 EPS by 10c, Revenues Beat; Offers FY18 EPS/Revenue Outlook Above Consensus
August 8, 2018 4:49 PM EDTGrand Canyon Education (NASDAQ: LOPE) reported Q2 EPS of $0.95, $0.10 better than the analyst estimate of $0.85. Revenue for the quarter came in at $236.8 million versus the consensus estimate of $203.73 million.
Net revenue increased 8.5% to $236.8 million for the second quarter of 2018, compared to $218.3 million for the second quarter of 2017.End-of-period enrollment increased 9.6% between June 30, 2018 and June 30, 2017, as online enrollment increased 10.1% and ground enrollment increased 3.9% over the prior year. Ground enrollment at June 30, 2018 only includes traditional-aged students that are taking Summer school classes, which is a small percentage of GCU\'s traditional-aged student body and... More