Perdoceo Education stock climbed more than 6% in extended trading Thursday after the for-profit education provider reported a significant revenue spike driven by its recent expansion into the healthcare sector.
The company reported a 20% increase in revenue to $211.6 million for the fourth quarter. This growth was largely fueled by the December 2024 acquisition of the University of St. Augustine for Health Sciences, a move that bolstered Perdoceo's portfolio in the specialized postsecondary market.
Bottom-line performance also improved, with net income rising to $35.3 million, or 54 cents per share, compared to $31.5 million in the prior-year period. On an adjusted basis, the company earned 59 cents per share, reflecting the operational efficiencies gained through its recent scaling efforts.
Following the announcement, shares jumped 6.2% to $33.48 in after-hours trading, extending a 16% rally over the past 12 months. Looking ahead, management issued a confident forecast for the fiscal year, projecting adjusted earnings between $2.97 and $3.12 per share.
Fiscal Year Projections
Perdoceo expects its strategic investments to maintain momentum throughout the coming year. According to the company’s financial outlook:
- Adjusted operating income is targeted between $250 million and $263 million.
- Revenue streams are expected to stabilize as the University of St. Augustine integration matures.
- Market positioning remains focused on high-demand vocational and professional degree programs.
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