DeVry Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component DeVry, Inc. (NYSE:DV) will unveil its latest earnings on Thursday, January 26, 2012. Through its wholly-owned subsidiaries, DeVry 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 per share, a decline of 20% 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 $1.19. Between one and three months ago, the average estimate moved down. It has been unchanged at $1 during the last month. Analysts are projecting profit to rise by 19% versus last year to $3.79.

Past Earnings Performance: Last quarter, the company missed estimates by 13 cents, coming in at profit of 83 cents per share versus a mean estimate of net income of 96 cents per share. In the fourth quarter of the last fiscal year, the company beat estimates by 5 cents.

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Wall St. Revenue Expectations: On average, analysts predict $535.5 million in revenue this quarter, a decline of 2.9% from the year ago quarter. Analysts are forecasting total revenue of $2.13 billion for the year, a decline of 2.3% from last year’s revenue of $2.18 billion.

Analyst Ratings: Analysts are bullish on this stock with eight analysts rating it as a buy, none rating it as a sell and seven rating it as a hold.

A Look Back: In the first quarter, profit fell 21.9% to $57.5 million (83 cents a share) from $73.6 million ($1.03 a share) the year earlier, missing analyst expectations. Revenue fell 0.5% to $519 million from $521.4 million.

Key Stats:

A year-over-year revenue decrease in the first quarter snapped a streak of three consecutive quarters of revenue increases. Revenue rose 7.9%in the fourth quarter of the last fiscal year, 11.6% in the third quarter of the last fiscal year and 16.6% in the second quarter of the last fiscal year.

The decrease in profit in the first quarter broke a streak of three consecutive quarters of year-over-year profit increases. Net income rose 5.1% in the fourth quarter of the last fiscal year, 14.5% in the third quarter of the last fiscal year and 22.4% in the second 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), 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 November 21, 2011 to January 20, 2012, the stock price had risen $6.93 (20.6%) from $33.57 to $40.50. 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% (+$4.57) over that span. It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven-straight days, falling 15.3% (-$9.46) over that span.

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

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