GRAND CANYON EDUCATION Reports Second Quarter Fiscal Year 2023 Earnings Results
August 8, 2023
☀️Earnings Overview
For the second quarter of fiscal year 2023, which ended on June 30, 2023, GRAND CANYON EDUCATION ($NASDAQ:LOPE) reported total revenue of USD 210.6 million, a 5.4% increase compared to the same quarter in the prior year. Additionally, net income saw a 13.3% year-over-year increase, totaling USD 29.0 million.
Market Price
The stock opened at $107.7 and closed at $108.2, representing a decrease of 0.2% from the closing price of $108.4 the prior day. This marks a slight decline in the company’s stock price since the previous quarter. The company attributed much of this success to its strong online programs, as well as its focus on providing personalized learning experiences and making education more accessible to students.
In addition, GRAND CANYON EDUCATION’s commitment to offering competitive tuition rates and helping students finance their education has helped the company maintain its position as one of the leading providers of online education. The company will likely continue to focus on making education more accessible and affordable for students in order to maintain their position in the industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for LOPE. More…
| Total Revenues | Net Income | Net Margin |
| 928.12 | 189.57 | 20.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for LOPE. More…
| Operations | Investing | Financing |
| 231.86 | -65.58 | -162.75 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for LOPE. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 846.22 | 200.79 | 21.23 |
Key Ratios Snapshot
Some of the financial key ratios for LOPE are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.5% | -4.5% | 26.2% |
| FCF Margin | ROE | ROA |
| 20.8% | 23.3% | 17.9% |
Analysis
At GoodWhale, we have conducted an analysis of the financial and business aspects of GRAND CANYON EDUCATION. Our analysis has determined that the company has a medium risk rating, meaning that it poses an above-average risk for investors. We have detected one risk warning present in the company’s balance sheet, but to learn more about this risk and how to minimize its potential impact on an investment in GRAND CANYON EDUCATION, you should register with us. We will provide all the necessary information you need to make an informed decision. More…
Peers
The company offers a variety of educational programs and services to its students.Grand Canyon Education Inc’s competitors include Koolearn Technology Holding Ltd, CognaEducacao SA, Adtalem Global Education Inc.
– Koolearn Technology Holding Ltd ($SEHK:01797)
Koolearn Technology Holding Ltd is a technology company that provides online education services. The company has a market cap of 42.23B as of 2022 and a Return on Equity of -3.35%. Koolearn Technology Holding Ltd offers a variety of online courses and programs that cater to different age groups and levels of educational attainment. The company’s services are available in multiple languages, making it a convenient and affordable option for students from all over the world.
– CognaEducacao SA ($OTCPK:COGNY)
Cogna Educacao SA is a leading provider of educational services in Brazil. The company offers a wide range of educational services, including primary and secondary schools, higher education institutions, and language schools. Cogna Educacao SA has a market cap of 1.17B as of 2022, a Return on Equity of 2.54%. The company has a strong presence in Brazil, with over 1,000 schools and over 2 million students enrolled.
– Adtalem Global Education Inc ($NYSE:ATGE)
Adtalem Global Education Inc. is a leading global provider of educational services. The company offers a variety of educational programs and services to students worldwide through its institutions, including medical and healthcare schools, business schools, and other higher education institutions. Adtalem Global Education is committed to providing quality education and training services that meet the needs of students and employers. The company’s mission is to empower students to achieve their potential and to prepare them for success in a global economy.
Summary
GRAND CANYON EDUCATION reported positive financial results for the second quarter of the fiscal year 2023. Total revenue increased by 5.4% to USD 210.6 million, while net income rose 13.3% year over year to USD 29.0 million. This shows that GRAND CANYON EDUCATION is performing well and presents a great opportunity for investors. The company’s strong growth prospects, combined with its low price-earnings ratio, make it a good option for long-term investors looking to take advantage of its upside potential.
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