04:36 AM EDT, 05/08/2024 (MT Newswires) -- Grand Canyon Education ( LOPE ) reported late Tuesday Q1 adjusted earnings of $2.35 per share, up from $2 per share a year earlier.

Three analysts polled by Capital IQ expected $2.22 per share.

Revenue for the quarter ended ended March 31 was $274.7 million, up from $250.1 million a year earlier. Three analysts polled by Capital IQ expected $272.4 million.

For Q2, the company now expects EPS of $1.02 to $1.06 and service revenue of $222 million to $224 million, compared with previously issued guidance of EPS of $0.98 to $1.04 and service revenue of $221 million to $224 million. Three analysts surveyed by Capital IQ are expecting EPS of $1.08 and revenue of $223.3 million.

For 2024, the company expects EPS of $7.35 to $7.82 and service revenue of $1.02 billion to $1.042 billion, compared with previously issued guidance of EPS of 7.17 to $7.69 and revenue of $1.016 billion to $1.04 billion. Three analysts surveyed by Capital IQ are expecting EPS of $7.74 and revenue of $1.03 billion.