Corinthian Colleges, Inc. Fourth Quarter Earnings Sneak Peek

Corinthian Colleges, Inc. (NASDAQ:COCO) will unveil its latest earnings on Tuesday, August 23, 2011. Corinthian Colleges, Inc. 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 profit of 12 cents per share, a decline of 68.4% 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 was unchanged and it has not changed during the last month. For the year, analysts are projecting net income of 93 cents per share, a decline of 44.6% from last year.

Past Earnings Performance: The company fell in line with estimates last quarter after topping forecasts the quarter before. After coming in above the mean estimate by one cent in the second quarter, the company fell in line with expecations by reporting profit of 21 cents per share last quarter.

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

Wall St. Revenue Expectations: On average, analysts predict $427.6 million in revenue this quarter, a decline of 11.4% from the year ago quarter. Analysts are forecasting total revenue of $1.87 billion for the year, a rise of 6.3% from last year’s revenue of $1.76 billion.

Analyst Ratings: Analysts seem relatively indifferent about Corinthian Colleges with 10 of 15 analysts surveyed maintaining a hold rating.

Key Stats:

A year-over-year revenue decrease in the third quarter snaps a streak of three consecutive quarters of revenue increases. Revenue fell 3.3% in the third quarter and rose 16.5%in the second quarter, 29.2% in the first quarter and 36.6% in the fourth quarter of the last fiscal year.

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 July 20, 2011 to August 17, 2011, the stock price had dropped $1.76 (-38.3%) from $4.59 to $2.83. 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 $2.38 (-45.7%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.