Wall Street is expecting lower profit for Apollo Education Group when the company reports its fourth quarter results on Tuesday, October 21, 2014. Analysts are expecting earnings per share of 27 cents after the company booked a profit of 55 cents a share a year earlier.
The consensus estimate has gone up, from 26 cents, over the past three months. For the fiscal year, analysts are projecting earnings of $2.35 per share. A year after being $845 million, analysts expect revenue to fall 14% year-over-year to $728.7 million for the quarter. For the year, revenue is projected to come in at $3.06 billion.
For three quarters in a row, the company has reported decreasing revenue. Revenue in the third quarter fell 5% year-over-year to $799.9 million. The figure dropped 19% in the second quarter and 19% in the first quarter.
Over the last four quarters, the company's income rose by an average of 29% year-over-year. The largest growth was in the most recent quarter, when income climbed more than threefold year-over-year.
Apollo Education Group offers innovative and unique educational programs and services both online and on-campus at the undergraduate, graduate, and doctoral levels. DeVry, also in the schools industry, will report earnings on Thursday, October 23, 2014. Analysts are expecting earnings of $0.31 per share for DeVry, up 41% from last year's earnings of $0.22 per share. Other companies in the schools industry with upcoming earnings release dates include: ITT Educational Services, Grand Canyon Education and Education Management.
Earnings estimates provided by Zacks.
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