Perdoceo Education: Outstanding Q2 Results Undervalue Stock By More Than Half

Perdoceo Education Corporation (PRDO) reported Q2 earnings this week, and they were outstanding. Some highlights:

  • Revenue increased 13 percent to $176 million
  • New enrollments increased 45% Y/Y
  • Total enrollments increased 20% Y/Y

These are accelerations sequentially, and notably, higher accelerations Y/Y that lead the industry by a wide margin.
Whereas other traded education companies are reporting largely flat or negative growth and forecasts for the remainder …

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