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Investors interested in stocks from the Schools sector have probably already heard of Perdoceo Education (PRDO) and Grand Canyon Education (LOPE). But which of these two stocks is more attractive to value investors? The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. We’d like to share more about how we work and what drives our day-to-day business.
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023.
Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The scores are based on the trading styles of Value, Growth, and Momentum.
About Perdoceo Education (NASDAQ:PRDO) Stock
There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. You can find your newly purchased PRDO stock in your portfolio—alongside the rest of your stocks, ETFs, crypto, treasuries, and alternative assets.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. “[Apple analyst] Ming-Chi Kuo reveals that Apple is experiencing significant issues with producing camera sensors for standard iPhone 15 models and the titanium chassis of the Pros, plus delays in manufacturing the flagship iPhone 15 Pro Max. Perhaps the biggest shock is the new stacked CIS primary camera for the iPhone 15 and iPhone 15 Plus. Kuo states that Apple tried to resolve its production issues by increasing volume, but up to 15% of regular models are still affected.”
Apple stock is poised to jump 20% as its iPhone 15 will drive a ‘mini super cycle,’ Wedbush says
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Their PRDO share price forecasts range from $21.00 to $21.00. On average, they expect the company’s share price to reach $21.00 in the next twelve months. This suggests a possible upside of 26.1% from the stock’s current price. View analysts price targets for PRDO or view top-rated stocks among Wall Street analysts.
- Their PRDO share price forecasts range from $21.00 to $21.00.
- The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.
- The company provided earnings per share (EPS) guidance of $0.48-$0.50 for the period, compared to the consensus estimate of $0.41.
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- These online universities provide undergraduate, graduate, and doctoral degree programs focusing on business, technology, management, and social services.
The value each PRDO share was expected to gain vs. the value that each PRDO share actually gained. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Click the link below and we’ll send you MarketBeat’s list of seven best retirement stocks and why they should be in your portfolio. Register for Free to get streaming quotes, interactive charts, trades, portfolio, live options flow and more. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.
Perdoceo Education PRDO Financial and Trading Overview
“The iPhone 15 Pro models will continue to have three cameras, including a 48-megapixel sensor. There are new telephoto and ultrawide lenses with more megapixels than in last year’s Pro sensors, and the company is planning to tout the enhancements as the premier additions in this year’s phones. While base model prices will remain unchanged, a strategic uptick of $100 is warranted for the new iPhone 15 Pro and Max models, given improved chip, battery and photo technology included with the units. The upcoming release of the iPhone 15 will push Apple’s stock up 20% from current levels, according to Dan Ives. Product offerings and availability vary based on jurisdiction.
Shareholders of record on Friday, September 1st will be given a dividend of $0.11 per share on Friday, September 15th. This represents a $0.44 annualized dividend and a yield of 2.64%. According to one analyst, the rating for PRDO stock is “Buy” and the 12-month stock price forecast is $21.0.
Perdoceo Education’s stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.69%), Dimensional Fund Advisors LP (7.56%), Renaissance Technologies LLC (6.49%), State Street Corp (3.72%), Frontier Capital Management Co. Insiders that own company stock include Andrew Hurst, Ashish R Ghia, David C Czeszewski, Elise Baskel, Jeffrey David Ayers, John Robert Kline, Leslie T Thornton, Michele A Peppers, Patrick W Gross, Rajesh Vashist, Thomas B Lally and Todd S Nelson. The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
- These returns cover a period from January 1, 1988 through July 31, 2023.
- The technique has proven to be very useful for finding positive surprises.
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- The value each PRDO share was expected to gain vs. the value that each PRDO share actually gained.
Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels. The Wedbush Securities analyst maintained an outperform rating for the tech giant, upholding its $230 price target.
Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. The company operates in two segments, Colorado Technical https://bigbostrade.com/ University and The American InterContinental University System. The company also operates intellipath, a personalized learning platform; and a mobile application and two-way messaging platform.
Keep in mind that other fees such as regulatory fees, Premium subscription fees, commissions on trades during extended trading hours, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Open to the Public Investing’s Fee Schedule to learn more. JSI and Jiko Bank are not affiliated with Public Holdings, Inc. (“Public”) or any of its subsidiaries.
Company Summary
That’s not only because the lineup will offer noteworthy new features — Ives also expects that it’ll come with a price increase, driving Apple into a “mini super cycle,” he argued in a Thursday note. Perdoceo Education forex candlestick patterns per share is 16.65 USD. After the sell-off in February, the markets have sprung back up. The broader S&P 500 Index is trading at an all-time high and the blue-chip Dow Jones Industrial Index is just shy of its all-time peak. Right now, Perdoceo Education is sporting a Zacks Rank of #1 (Strong Buy), while Grand Canyon Education has a Zacks Rank of #3 (Hold). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that PRDO is likely seeing its earnings outlook improve to a greater extent.
To see all exchange delays and terms of use please see Barchart’s disclaimer. Perdoceo Education issued an update on its third quarter 2023 earnings guidance on Friday, August, 4th. The company provided earnings per share (EPS) guidance of $0.48-$0.50 for the period, compared to the consensus estimate of $0.41. Perdoceo Education announced a quarterly dividend on Thursday, August 3rd.
The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.
Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Another notable valuation metric for PRDO is its P/B ratio of 1.41. The P/B ratio is used to compare a stock’s market value with its book value, which is defined as total assets minus total liabilities.
The company was formerly known as Career Education Corporation and changed its name to Perdoceo Education Corporation in January 2020. The company was incorporated in 1994 and is based in Schaumburg, Illinois. Perdoceo Education Corp is an American for-profit education company that focuses on quality postsecondary education online to a diverse student population, along with campus-based and blended learning programs. The company’s important segment is its online universities, which include the American InterContinental University, and Colorado Technical University.
“We believe despite the loud noise Apple has seen massive share gains in China smartphone market as we estimate Cupertino has gained roughly 300 bps of market share in the key China market over the last 18 months with iPhone 15 giving Apple incremental momentum on this front,” Ives wrote. Despite Ives’ optimism, Apple shares have tumbled 3% on Wednesday, especially on news that China has banned the use of iPhones for work among governmental officials. Despite the price hike, Apple consumers are unlikely to shy away from buying the product, given expectations of massive discounts and promotions from US carriers, as well as the fact that iPhones’ average selling price has already been rising towards a $900-$925 level, Ives wrote. Banking services and bank accounts are offered by Jiko Bank, a division of Mid-Central National Bank, Member FDIC. One share of PRDO stock can currently be purchased for approximately $16.65. Perdoceo Education’s stock was trading at $13.90 at the start of the year.
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