Higher education company Grand Canyon Education (NASDAQ:LOPE) will be announcing earnings results tomorrow afternoon. Here's what investors should know.

Grand Canyon Education beat analysts' revenue expectations by 1.1% last quarter, reporting revenues of $278.3 million, up 7.6% year on year. It was a decent quarter for the company, with revenue guidance for next quarter beating analysts' expectations.

Is Grand Canyon Education a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Grand Canyon Education's revenue to grow 8.9% year on year to $272.4 million, improving from the 2.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.22 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Grand Canyon Education has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 0.6% on average.

Looking at Grand Canyon Education's peers in the education services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Bright Horizons delivered year-on-year revenue growth of 12.5%, beating analysts' expectations by 1.2%, and Perdoceo Education reported a revenue decline of 14%, topping estimates by 3%. Bright Horizons traded up 6.8% following the results while Perdoceo Education was also up 31.7%.

Read our full analysis of Bright Horizons's results here and Perdoceo Education's results here.

Growth stocks have been quite volatile since the start of 2024, and while some of the education services stocks have fared somewhat better, they have not been spared, with share prices down 3.4% on average over the last month. Grand Canyon Education is up 3.3% during the same time and is heading into earnings with an average analyst price target of $158.3 (compared to the current share price of $136.11).

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