Corinthian Colleges Inc. First Quarter Earnings Sneak Peek

Corinthian Colleges, Inc. (NASDAQ:COCO) will unveil its latest earnings on Tuesday, November 1, 2011. 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 a loss of 2 cents per share, a swing from profit of 38 cents in the year earlier quarter. During the past three months, the average estimate has moved down from 15 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at a loss of 2 cents during the last month. Analysts are projecting profit to rise by 56.4% versus last year to 17 cents.

Past Earnings Performance: Last quarter, the company topped estimates by 0 cents, coming in at net income of 14 cents per share against a mean estimate of profit of 12 cents. The company fell in line with estimates in the third quarter of the last fiscal year.

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Wall St. Revenue Expectations: On average, analysts predict $417.7 million in revenue this quarter, a decline of 16.8% from the year ago quarter. Analysts are forecasting total revenue of $1.62 billion for the year, a decline of 13.4% from last year’s revenue of $1.87 billion.

Analyst Ratings: Analysts seem relatively indifferent about Corinthian Colleges with six of 11 analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 90.1% to $3.4 million (4 cents a share) from $33.9 million (39 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 12.6% to $421.9 million from $482.7 million.

Key Stats:

Revenue has fallen in the past two quarters. In the third quarter of the last fiscal year, the figure fell 3.3%.

Competitors to Watch: Apollo Group, Inc. (NASDAQ:APOL), Career Education Corp. (NASDAQ:CECO), American Public Education, Inc. (NASDAQ:APEI), National American Univ. Hldgs., Inc. (NASDAQ:NAUH), DeVry Inc. (NYSE:DV), Grand Canyon Education Inc (NASDAQ:LOPE), Education Management Corp (NASDAQ:EDMC), Strayer Education, Inc. (NASDAQ:STRA), Bridgepoint Education, Inc. (NYSE:BPI), and Lincoln Educational Services Corp. (NASDAQ:LINC).

Stock Price Performance: During August 2, 2011 to October 26, 2011, the stock price had fallen $2.07 (-52.3%) from $3.96 to $1.89. The stock price saw one of its best stretches over the last year between February 11, 2011 and February 18, 2011 when shares rose for six-straight days, rising 8% (+39 cents) over that span. It saw one of its worst periods between July 26, 2011 and August 8, 2011 when shares fell for 10-straight days, falling 39.4% (-$1.85) over that span. Shares are down $3.32 (-63.7%) year to date.

(Source: Xignite Financials)

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