Corinthian Colleges Inc First Quarter Earnings Sneak Peek

Corinthian Colleges Inc (NASDAQ:COCO) will unveil its latest earnings on Wednesday, October 31, 2012. Corinthian Colleges is a post-secondary education company in North America. The company’s mission is to prepare students for careers in demand or for advancement in their chosen field.

Corinthian Colleges Inc Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 4 cents per share, up from net loss of 4 cents in the year-earlier quarter. During the past three months, the average estimate has moved up from 3 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 4 cents during the last month. Analysts are projecting profit to rise by 3% versus last year to 32 cents.

Past Earnings Performance: Last quarter, the company saw profit of 11 cents per share versus a mean estimate of net income of 11 cents per share. This comes after two consecutive quarters of exceeding expectations.

Earnings season is back and more important than ever. Get our newest CHEAT SHEET stock picks now

A Look Back: In the fourth quarter of the last fiscal year, the company swung to a loss of $6.5 million (8 cents a share) from a profit of $3.4 million (4 cents) a year earlier, meeting analyst expectations. Revenue fell 14% to $362.7 million from $421.9 million.

Stock Price Performance: Between August 1, 2012 and October 25, 2012, the stock price rose 55 cents (29.1%), from $1.89 to $2.44. The stock price saw one of its best stretches over the last year between October 28, 2011 and November 8, 2011, when shares rose for eight straight days, increasing 46% (+86 cents) over that span. It saw one of its worst periods between July 2, 2012 and July 17, 2012 when shares fell for 11 straight days, dropping 19.9% (-64 cents) over that span.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.25 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.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of four-straight quarters of revenue decreases. Revenue fell 17.5% in the first quarter of the last fiscal year, 13.9% in second quarter of the last fiscal year and 8.3% in the third quarter of the last fiscal year and then fell again in the fourth quarter of the last fiscal year of the last fiscal year.

Wall St. Revenue Expectations: On average, analysts predict $399.8 million in revenue this quarter, a decline of 3.4% from the year-ago quarter. Analysts are forecasting total revenue of $1.62 billion for the year, a rise of 0.6% from last year’s revenue of $1.61 billion.

Analyst Ratings: There are mostly holds on the stock with eight of 10 analysts surveyed giving that rating.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.

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

Don’t Miss These Additional Hot Stories:

Apple Earnings: Profits and Revenue Surge By Double Digits Again

Will Central Banks Hit an American Express Gold Limit?

Is Zynga’s Stock Still a Sell After Earnings?