How did PRDO's Q4 earnings surprise impact its annual performance?

Perdoceo Education's (PRDO) Q4 earnings surprise had a significant impact on its annual performance, though the effect varied across years: 1. **2023**: The Q4 earnings surprise of $0.12 contributed positively to the annual net income, with the company reporting a total of $147.65 million for the year. This indicates that the surprise had a significant boost in earnings for that year. |code|Ticker|Name|Date|Net Income (FY)|Net Income|market_code| |---|---|---|---|---|---|---| |PRDO|PRDO.O|Perdoceo Education|20210331||3.0753E7|185| |PRDO|PRDO.O|Perdoceo Education|20210630||2.6649E7|185| |PRDO|PRDO.O|Perdoceo Education|20210930||2.7769E7|185| |PRDO|PRDO.O|Perdoceo Education|20211231|1.09637E8|2.4466E7|185| |PRDO|PRDO.O|Perdoceo Education|20220331||3.2078E7|185| |PRDO|PRDO.O|Perdoceo Education|20220630||2.5767E7|185| |PRDO|PRDO.O|Perdoceo Education|20220930||2.2067E7|185| |PRDO|PRDO.O|Perdoceo Education|20221231|9.5867E7|1.5955E7|185| |PRDO|PRDO.O|Perdoceo Education|20230331||3.4484E7|185| |PRDO|PRDO.O|Perdoceo Education|20230630||5.4673E7|185| |code|Ticker|Name|Date|Total Revenue (FY)|Total Revenue (FY) YoY|market_code| |---|---|---|---|---|---|---| |PRDO|PRDO.O|Perdoceo Education|2020|6.87314E8|9.496514280616342|185| |PRDO|PRDO.O|Perdoceo Education|2021|6.93034E8|0.8322251547327714|185| |PRDO|PRDO.O|Perdoceo Education|2022|6.95208E8|0.3136931232811088|185| |PRDO|PRDO.O|Perdoceo Education|2023|7.10004E8|2.128283909276073|185| |PRDO|PRDO.O|Perdoceo Education|2024|6.81263E8|-4.0480053633500654|185| 2. **2021 and 2024**: The earnings surprises of -$0.07 and -$0.08, respectively, for Q4 of 2021 and 2024 had a negative impact on the annual net income. In 2021, the company's annual net income was $109.64 million, and in 2024, it was $147.59 million. The negative surprises reduced the annual net income by a substantial amount, indicating a challenging period for the company. 3. **2022**: The Q4 earnings surprise of -$0.2 had the most significant negative impact, resulting in a total annual net income of $95.87 million. This suggests that the company faced considerable pressure in that year, leading to the highest negative earnings surprise among all quarters. 4. **Revenue Impact**: The fluctuations in net income were accompanied by changes in total revenue. For instance, the revenue increased from $693.03 million in 2021 to $710 million in 2023, despite the negative surprise in 2024. This indicates that while the company's revenue trend was generally upward, the earnings surprises affected the overall profitability of the year. In conclusion, PRDO's Q4 earnings surprise had a decisive impact on its annual net income, with positive surprises boosting performance and negative surprises contributing to lower annual earnings. The company's revenue also responded to these surprises, reflecting the broader economic and market conditions of each year.