(APOL) Apollo Group, Inc. – increase Total Degree Enrollment by 22%

August 14th, 2009

Apollo Group (APOL) continues to top Wall Street estimates and has once again sent analysts scrambling to catch up.

Company Description

Apollo Group, Inc. has been providing higher education to working adults for over 25 years. They operate through their subsidiaries, the University of Phoenix, Inc., the Institute for Professional Development, the College for Financial Planning Institutes Corporation, Western International University, Inc., and Apollo Learning Group, Inc.

Grade-A Results

On Jun 29 Apollo announced third-quarter results for fiscal 2009 that included a 26% growth in revenue, on a year-over-year basis.

When people are unemployed, many will seek opportunities to bolster their skill set and resume. Apollo offers both and unemployment is at its highest level in decades. These factors combined to increase Total Degree Enrollment by 22% to over 420,000.

Beat the Street

The previously mention announcement also contained earnings per share of $1.26, well above Wall Street estimates, which averaged $1.13. This was the fifth consecutive surprise and spurred analysts to up their forecasts in the future.

Estimates for full-year 2009 are now averaging $4.15, up from $3.97 before the earnings report, after 11 of 20 analysts raised estimates. The consensus for 2010 is also up, now $5.16 from $4.81 since the report.

These estimates are projecting 46% growth in 2009 and 24% in 2010.

Acquisition

On Jul 30 the company completed its acquisition of the BPP Holdings, a London-based legal and financial education company. While the $607 million deal does expand Apollo’s global presence, it will not have a material impact until fiscal 2011.

The Chart

Apollo Group has a solid earnings history and if unemployment continues to rise as projected, it should continue.


Zacks Investment Research
View original at: Zacks.com News Feed

More on this topic (What's this?)
For-Profit University Operator Apollo Group Could Outperform In 2012 (Investment Underground » Page n..., 1/24/12)
Why All The Haters On Apollo Group? (Top Gun Financial Planning, 7/1/09)
Trade Idea Of The Day – Apollo Group (Navivest Stocks and Options Blog, 9/22/09)
Apollo Leads Class on Earnings (tickerspy.com, 6/30/09)
Read more on Apollo Group at Wikinvest

Related Posts:

  1. (APOL) Apollo Group – Aggressive Growth – Zacks Rank BuyApollo Group (APOL) reports its fiscal second-quarter results on Mar 31, and there are good...
  2. (BWLD) Buffalo Wild Wings – Total revenue was $121 million, a 33% increaseBuffalo Wild Wings, Inc. (BWLD) was originally featured as a Zacks Rank Buy in September...
  3. (APOL) Apollo Group – 40% growth in operating income, on a year-over-year basisApollo Group (APOL) has just crushed Wall Street estimates and shares are setting new multi-year...
  4. (APOL) Apollo Group – analysts went ahead and boosted their earnings projectionsApollo Group, Inc.’s (APOL) share price has been rallying since the company reported excellent fourth-quarter...
  5. (UNT) – Unit Corporation – able to achieve a 21% increase in its total oil and natural gas productionUnit Corporation’s (UNT) share price recently reversed its downward slide, bouncing from a key level...
  6. (UNT) – Unit Corporation – able to achieve a 21% increase in its total oil and natural gas productionUnit Corporation’s (UNT) share price recently reversed its downward slide, bouncing from a key level...


Search Posts by Tag: | | Education & Training Services | Services

RSS Feeds by Tag: APOL | Apollo Group Inc. | Education & Training Services | Services |

Other Posts by: | RSS Feed for this author