Stock Market U.S : Analyst: Time To Buy More and More Lope

Grand Canyon Educ (NasdaqNM:LOPE) is +2.82 - +13.05% from the previous close of $21.61. It traded between $23.00 - 25.00 with total traded volume of 1638992 shares. Keep a close eye on LOPE, as the stock has been showing unusual moves over the past weeks. At Current market price, LOPE has recovered +73.02% from its 52-week Low of 14.12 and has Pulled back +0.08% from its 52-week high of 24.41. Grand Canyon Education (LOPE) opened with a 12% jump after reporting late Thursday its third-quarter sales and earnings easily cleared views. The for-profit educator gave Q4 and full-year sales and earnings guidance above forecasts.

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For-profit educators have struggled amid new regulations and increased government scrutiny, but Grand Canyon's impressive third-quarter-- earnings spiked 44% on revenue growth of 17% -- coupled with upbeat guidance for the fourth helps ease some of those long-standing concerns. In fact, Grand Canyon's enrollment surged 17.5% to 52,300 versus 44,500 in the year-ago period, giving investors plenty of good vibes over a sustained industry turnaround.

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The company, based in Phoenix, provides online and campus-based undergraduate and graduate degrees. Net income increased nearly 44 percent to $18.5 million, or 41 cents per share, for the period that ended Sept. 30. That is up from $12.9 million, 29 cents per share, in the same quarter last year. Revenue increased 23 percent to $133.6 million helped by a 17 percent increase in enrollment. Analysts polled by FactSet expected 35 cents per share on revenue of $125.7 million. Grand Canyon expects to earn 41 or 42 cents per share in its fourth quarter on revenue of $135 million to $136 million. Analysts expect 38 cents per share on revenue of $129.5 million. It forecasts earnings of $1.49 or $1.50 per share for the year on revenue of $505 million to $506 million. Analysts estimate $1.41 per share on revenue of $491.7 million. Shares of the company fell 15 cents to close at $21.61.