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 …
