The Princeton Review, Inc. (REVU) recently doubled Wall Street’s earnings expectations and shares continue to climb, along with earnings forecasts.

Company Description

Princeton Review provides preparation for the SAT, as well as for most of the other major post-secondary and graduate admissions tests. The company utilizes classroom-based, print, and online products and services for students, parents, educators, and educational institutions.

100% Surprise

On May 7 the company released quarterly results that included revenue of $45 million, up from $36 million from the first quarter of 2008. Revenues generated earnings of $0.08 per share, double the 4 cents that Wall Street was anticipating.

In the same release Michael Perik, CEO, said, “The positive impact of operational changes made in 2008 are being felt and we are pleased with our revenue and margin performance during this quarter and the reduction of corporate expenses compared to the first quarter of 2008, especially in light of overall economic conditions.”

Explosive Growth

Following the earnings announcement analysts began revised full-year estimates upward. The consensus for 2009 is up 10% to $0.22, which is a 369% growth rate. Estimates for 2010 are not averaging $0.40, up 10 cents since the report, which would be a growth rate of 84%.

The Chart

Shares of REVU surged off of the previously mentioned quarterly results and continue to climb. Take a look below.

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