The deadline for student loan forbearance was extended until the end of January 2021, Education Sec. Betsy DeVos announced Friday.
More than 40 million student loan borrowers in the US were not expected to make payments on their federal student loans as part of the CARES Act package passed by Congress earlier this year as the pandemic posed financial insecurity for many Americans.
The market expects Perdoceo Education (PRDO) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2020. This widely-known consensus outlook is important in assessing the company’s earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on August 6, 2020, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management’s discussion