(APOL) Apollo Group, Inc – Gains Students as Unemployment Soars

September 1st, 2009

Apollo Group, Inc. (APOL) estimates continue to soar while unemployment soars, sending people back to class.

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.

Fourth Straight Surprise

On Jun 29 Apollo reported third-quarter results that included a 22% enrollment growth. The company now has 420,700 students. The increased student drove revenues 26% higher to the company’s first ever $1 billion quarter.

Earnings came in at $1.26, beating the Zacks Consensus Estimate by 13 cents. This was Apollo’s fourth consecutive earnings surprise.

Analysts Re-grade

Since the report, analysts have been revising estimates higher. The average estimate is now $4.17 for 2009, up from $3.99. The Zacks consensus for 2010 is up to $5.20, from $4.85 in that time frame.

These levels would mean a 47% annual earnings growth rate for this year and another 25% in 2010.

Industry Leader

Cognizant is the top rated education company using the Zacks Rank. When looking at the comparisons to its peers it is easy to see why. The company’s ROE is a staggering 60% compared to the 18% industry average.

Additionally, Apollo’s net profit margin of 20% is almost double the average of its peers.

The Chart

Below you can see just how sharply the Zacks Consensus Estimates have been rising. Each colored line represents an annual consensus estimate.


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)
The Truth Behind the U.S. Labor Department Employment Report (Money Morning, 1/6/12)
Trade Idea Of The Day – Apollo Group (Navivest Stocks and Options Blog, 9/22/09)
Why All The Haters On Apollo Group? (Top Gun Financial Planning, 7/1/09)
Read more on Apollo Group, Unemployment (U.S.) at Wikinvest

Related Posts:

  1. (APOL) Apollo Group, Inc. – increase Total Degree Enrollment by 22%Apollo Group (APOL) continues to top Wall Street estimates and has once again sent analysts...
  2. (EBAY) Productivity Soarsby The Investment U Research Team In a bit of really good news, productivity jumped...
  3. ($BAC) More on Unemployment – number of long term unemployed continued to soarThe picture on the duration of unemployment showed a few hopeful signs in the July...
  4. (APOL) Apollo Group – Aggressive Growth – Zacks Rank BuyApollo Group (APOL) reports its fiscal second-quarter results on Mar 31, and there are good...
  5. (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...
  6. (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...


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