It’s January, and that means earnings seasons. Here’s a sneak peak at the four biggest earnings releases scheduled for this week:
4) Apollo Group Inc. (NASDAQ:APOL)
Apollo Group will unveil its latest earnings on Tuesday. 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.
Shares were off about 2 percent on Monday afternoon ahead of the earnings release. Wall Street is expecting profit per share of about $0.90, nearly 30 percent lower than the same quarter last year. In its last financial release, the company revealed that profits fell 60 percent year over year to $0.68 per share. While this technically exceeded expectations, the company is trending toward both lower revenues and earnings.
|Aug. 31, 2011||Nov. 30, 2011||Feb. 29, 2012||May 31, 2012||Aug. 31, 2012|
|Revenue ($) in millions||1,122||1,179||970||1,131||966|
|Diluted EPS ($)||1.37||1.14||0.51||1.13||0.62|
On an annual basis, revenues dropped 3.9 percent in fiscal 2011 and 10.13 percent for fiscal 2012 to $4.2 billion. EPS grew 11.6 percent in fiscal 2011, but dropped 14.4 percent in fiscal 2012 to $3.45. (Read our full Apollo earnings sneak peak.)
Unfortunately, Apollo’s stock chart for the past 52-week period looks like a stairway with a poor run-to-rise ratio that leads right to shareholder losses.
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