DeVry Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component DeVry, Inc. (NYSE:DV) will unveil its latest earnings on Thursday, August 11, 2011. Through its wholly-owned subsidiaries, DeVry, Inc. owns and operates DeVry University, Chamberlain College of Nursing, U.S. Education, Ross University, Becker Professional Education and Advanced Academics.

DeVry, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.03 per share, a rise of 4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.04. Between one and three months ago, the average estimate moved down, but it has been unchanged at $1.03 during the last month. For the year, analysts are projecting profit of $4.63 per share, a rise of 19.6% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 9 cents, reporting net income of $1.32 per share against a mean estimate of profit of $1.23 per share.

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

Wall St. Revenue Expectations: On average, analysts predict $545.7 million in revenue this quarter, a rise of 7.7% from the year ago quarter. Analysts are forecasting total revenue of $2.18 billion for the year, a rise of 13.5% from last year’s revenue of $1.92 billion.

Analyst Ratings: Analysts are bullish on this stock with 14 analysts rating it as a buy, none rating it as a sell and seven rating it as a hold. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 19.2%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 27.9% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the third quarter, net income rose 14.5% while it rose 22.4% in the second quarter and 34.5% in the first quarter.

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), Corinthian Colleges, Inc. (NASDAQ:COCO), Grand Canyon Education Inc (NASDAQ:LOPE), Bridgepoint Education, Inc. (NYSE:BPI), Education Management Corp (NASDAQ:EDMC), Strayer Education, Inc. (NASDAQ:STRA), and The Washington Post Co. (NYSE:WPO).

Stock Price Performance: During May 11, 2011 to August 5, 2011, the stock price had risen $5.08 (9.6%) from $52.74 to $57.82. The stock price saw one of its best stretches over the last year between March 16, 2011 and March 28, 2011 when shares rose for nine-straight days, rising 9.1% (+$4.59) over that span. It saw one of its worst periods between November 22, 2010 and December 1, 2010 when shares fell for seven-straight days, falling 4.5% (-$2.02) over that span. Shares are up $9.94 (+20.8%) year to date.

(Source: Xignite Financials)

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