Perdoceo Shares Rally on 20% Revenue Growth and Acquisition Gains

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.