Grand Canyon Education Q2 Beats on EBITDA, Guides Above Street
LOPE is trading near its 52-week low of $134.27 (13% above the low).
Summary
Grand Canyon Education posted Q2 service revenue of $264.05M, up 6.7% year-over-year, driven by higher enrollments at GCU and off-campus sites. Adjusted EBITDA of $73.4M and pretax profit of $60.85M both beat analyst expectations. Revenue per student dipped slightly due to a contract modification with one partner and a shift toward lower-tuition students. Management guided Q3 service revenue to $268.5M-$270.5M and full-year 2026 to $1.165B-$1.172B, with Q4 diluted EPS seen at $3.69-$3.79. The beats and guidance suggest enrollment momentum is offsetting per-student revenue pressure. The stock closed at $151.29, well below the median analyst target of $200, leaving room for a positive reaction.
At the time of this announcement, LOPE was trading at $151.29 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $4B. The 52-week trading range was $134.27 to $223.04. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.