Zovio (NASDAQ:ZVO) reported its Q3 earnings results on Wednesday, October 27, 2021 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
Zovio missed their estimated earnings by 71.43%, reporting an EPS of $-0.12 versus an estimate of $-0.07, which surprised analysts.
Revenue was up $39,940,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03, which was followed by a 0.78% increase in the share price the next day.
Here’s a look at Zovio’s past performance:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | -0.05 | -0.01 | -0.06 | 0.02 |
| EPS Actual | -0.02 | -0.10 | 0.03 | 0.09 |
| Revenue Estimate | 67.50M | 76.10M | 97.50M | 103.00M |
| Revenue Actual | 69.19M | 76.86M | 93.14M | 102.17M |
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