Corinthian Colleges Inc. Second Quarter Earnings Sneak Peek

Corinthian Colleges, Inc. (NASDAQ:COCO) will unveil its latest earnings on Wednesday, February 1, 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 the company to break even after the company reported net income of 23 cents per share in the year earlier quarter. During the past three months, the average estimate has moved down from one cent. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. Analysts are projecting profit to rise by 38.5% versus last year to 24 cents.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the first quarter, it reported net loss of 4 cents per share against a mean estimate of 2 cents. Two quarters ago, it beat expectations by 2 cents with profit of 14 cents.

Investing Insights: Will the iPad 3 Be the Next Catalyst for Apple’s Stock?

Wall St. Revenue Expectations: On average, analysts predict $415.3 million in revenue this quarter, a decline of 14% from the year ago quarter. Analysts are forecasting total revenue of $1.67 billion for the year, a decline of 10.7% from last year’s revenue of $1.87 billion.

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

A Look Back: In the first quarter, the company swung to a loss of $9.6 million (11 cents a share) from a profit of $33.1 million (38 cents) a year earlier, missing analyst expectations. Revenue fell 17.5% to $414 million from $501.7 million.

Key Stats:

Revenue has fallen for the past three quarters. Revenue fell 12.6% in fourth quarter of the last fiscal year from the year earlier and 3.3% in the third quarter of the last fiscal year.

Corinthian Colleges’ loss in the latest quarter followed profits in the previous two quarters. The company reported a profit of $3.4 million in the fourth quarter of the last fiscal year and profit of $16.1 million in the third 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 October 28, 2011 to January 26, 2012, the stock price had risen $1.07 (57.2%) from $1.87 to $2.94. 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, rising 46% (+86 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.

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

Investing Insights: Will the iPad 3 Be the Next Catalyst for Apple’s Stock?