Grand Canyon Education (Nasdaq: LOPE) reported earnings on July 30. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q2), Grand Canyon Education beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share increased significantly. GAAP earnings per share increased significantly.

Margins grew across the board.

Revenue details
 Grand Canyon Education logged revenue of $141.5 million. The 10 analysts polled by S&P Capital IQ looked for sales of $138.4 million on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $119.3 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
 EPS came in at $0.45. The eight earnings estimates compiled by S&P Capital IQ predicted $0.40 per share. Non-GAAP EPS of $0.45 for Q2 were 15% higher than the prior-year quarter's $0.39 per share. GAAP EPS of $0.42 for Q2 were 20% higher than the prior-year quarter's $0.35 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Margin details
 For the quarter, gross margin was 56.4%, 120 basis points better than the prior-year quarter. Operating margin was 22.3%, 100 basis points better than the prior-year quarter. Net margin was 13.5%, 40 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $147.9 million. On the bottom line, the average EPS estimate is $0.44.

Next year's average estimate for revenue is $589.2 million. The average EPS estimate is $1.79.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 55 members out of 80 rating the stock outperform, and 25 members rating it underperform. Among 23 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 20 give Grand Canyon Education a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Grand Canyon Education is outperform, with an average price target of $33.25.

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