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Apollo Group Inc. First Quarter Earnings Sneak Peek

Created on Tuesday, 03 January 2012 07:12

Category: Earnings

S&P 500 component Apollo Group, Inc. will unveil its latest earnings on Thursday, January 5, 2012. Through its subsidiaries, Apollo Group offers innovative and unique educational programs and services both online and on-campus at the undergraduate, graduate, and doctoral levels.

Apollo Group, Inc. Earnings Preview Cheat

Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.18 per share, a decline of 27.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.13. Between one and three months ago, the average estimate moved up. It has been unchanged at $1.18 during the last month. For the year, analysts are projecting net income of $3.36 per share, a decline of 32% from last year.

Past Earnings Performance: Last quarter, the company beat estimates by 9 cents, coming in at profit of $1.02 a share versus the estimate of net income of 93 cents a share. It marked the fourth straight quarter of beating estimates.

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

Wall St. Revenue Expectations: On average, analysts predict $1.16 billion in revenue this quarter, a decline of 12.8% from the year ago quarter. Analysts are forecasting total revenue of $4.26 billion for the year, a decline of 9.9% from last year’s revenue of $4.73 billion.

Analyst Ratings: Analysts are bullish on this stock with nine analysts rating it as a buy, none rating it as a sell and six rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose more than fourfold to $188.6 million ($1.36 a share) from $42.8 million (31 cents a share) the year earlier, exceeding analyst expectations. Revenue fell 10.9% to $1.12 billion from $1.26 billion.

Key Stats:

Revenue has fallen for the past three quarters. Revenue fell 7.6% in third quarter of the last fiscal year from the year earlier and 2% in the second quarter of the last fiscal year.

Competitors to Watch: Career Education Corp. , DeVry Inc. , Corinthian Colleges, Inc. , Strayer Education, Inc. , Grand Canyon Education Inc , American Public Education, Inc. , ITT Educational Services, Inc. , National American Univ. Hldgs., Inc. , Bridgepoint Education, Inc. , and Education Management Corp .

Stock Price Performance: During October 5, 2011 to December 30, 2011, the stock price had risen $11.65 (27.6%) from $42.22 to $53.87. The stock price saw one of its best stretches over the last year between December 14, 2011 and December 27, 2011 when shares rose for nine-straight days, rising 10.3% (+$5.10) over that span. It saw one of its worst periods between September 15, 2011 and September 22, 2011 when shares fell for six-straight days, falling 14.8% (-$7.03) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

 

Courtesy Yahoo Financial News

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