Apollo Group Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Apollo Group (NASDAQ:APOL) will unveil its latest earnings on Monday, June 25, 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 Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 96 cents per share, a decline of 33.8% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 32% versus last year to $3.36.

Past Earnings Performance: Last quarter, the company beat estimates by 19 cents, coming in at net income of 58 cents a share versus the estimate of profit of 39 cents a share. It marked the fourth straight quarter of beating estimates.

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Stock Price Performance: Between March 23, 2012 and June 19, 2012, the stock price fell $8.32 (-19.6%), from $42.41 to $34.09. 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, increasing 10.3% (+$5.10) over that span. It saw one of its worst periods between April 26, 2012 and May 11, 2012 when shares fell for 12 straight days, dropping 12.8% (-$4.58) over that span.

Wall St. Revenue Expectations: On average, analysts predict $1.12 billion in revenue this quarter, a decline of 9.7% from the year-ago quarter. Analysts are forecasting total revenue of $4.28 billion for the year, a decline of 9.5% from last year’s revenue of $4.73 billion.

Analyst Ratings: With eight analysts rating the stock a buy, none rating it a sell and six rating the stock a hold, there are indications of a bullish stance by analysts.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.32 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term.

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

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