Perdoceo Education Corporation (NASDAQ:PRDO) just released its first-quarter report and things are looking bullish. Results were good overall, with revenues beating analyst predictions by 2.4% to hit US$213m. Statutory earnings per share (EPS) came in at US$0.65, some 6.6% above whatthe analyst had expected. The analyst typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analyst has changed their mind on Perdoceo Education after the latest results.

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Taking into account the latest results, the consensus forecast from Perdoceo Education's single analyst is for revenues of US$832.3m in 2025. This reflects a notable 15% improvement in revenue compared to the last 12 months. Statutory per share are forecast to be US$2.29, approximately in line with the last 12 months. In the lead-up to this report, the analyst had been modelling revenues of US$823.1m and earnings per share (EPS) of US$2.21 in 2025. The analyst seem to have become more bullish on the business, judging by their new earnings per share estimates.

View our latest analysis for Perdoceo Education

The consensus price target rose 8.6% to US$38.00, suggesting that higher earnings estimates flow through to the stock's valuation as well.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. It's clear from the latest estimates that Perdoceo Education's rate of growth is expected to accelerate meaningfully, with the forecast 20% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 0.7% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 11% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Perdoceo Education is expected to grow much faster than its industry.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Perdoceo Education's earnings potential next year. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. There was also a nice increase in the price target, with the analyst clearly feeling that the intrinsic value of the business is improving.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At least one analyst has provided forecasts out to 2026, which can be seen for free on our platform here.

Another thing to consider is whether management and directors have been buying or selling stock recently. We provide an overview of all open market stock trades for the last twelve months on our platform, here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.