Apollo Group, Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Apollo Group, Inc. (NASDAQ:APOL) will unveil its latest earnings on Wednesday, October 19, 2011. 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 93 cents per share, a decline of 29% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved up. It has dropped from 94 cents during the last month. For the year, analysts are projecting net income of $4.85 per share, a decline of 9.3% from last year.

Past Earnings Performance: Last quarter, the company beat estimates by 11 cents, coming in at profit of $1.45 a share versus the estimate of net income of $1.34 a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 12.7% in revenue from the year-earlier quarter to $1.1 billion.

Analyst Ratings: Analysts are bullish on this stock with nine analysts rating it as a buy, none rating it as a sell and eight rating it as a hold. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

A Look Back: In the third quarter, profit rose 18.3% to $212.4 million ($1.51 a share) from $179.5 million ($1.18 a share) the year earlier, exceeding analyst expectations. Revenue fell 7.6% to $1.24 billion from $1.34 billion.

Key Stats:

Revenue has fallen in the past two quarters. In the second quarter, the figure fell 2%.

Competitors to Watch: Career Education Corp. (NASDAQ:CECO), DeVry Inc. (NYSE:DV), Corinthian Colleges, Inc. (NASDAQ:COCO), Strayer Education, Inc. (NASDAQ:STRA), Grand Canyon Education Inc (NASDAQ:LOPE), American Public Education, Inc. (NASDAQ:APEI), ITT Educational Services, Inc. (NYSE:ESI), National American Univ. Hldgs., Inc. (NASDAQ:NAUH), Bridgepoint Education, Inc. (NYSE:BPI), and Education Management Corp (NASDAQ:EDMC).

Stock Price Performance: During July 20, 2011 to October 13, 2011, the stock price had fallen $7.38 (-14.6%) from $50.47 to $43.09. The stock price saw one of its best stretches over the last year between February 9, 2011 and February 18, 2011 when shares rose for eight-straight days, rising 8.3% (+$3.51) 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. Shares are up $3.60 (+9.1%) year to date.

(Source: Xignite Financials)

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