Wall Street is expecting lower profit for Apollo Group when the company reports its third quarter results on Monday, June 29, 2015. Analysts are expecting earnings per share of 47 cents after the company booked a profit of 76 cents a share a year earlier.
The consensus estimate has dipped over the past three months from 49 cents. For the fiscal year, analysts are expecting earnings of $1.09 per share. A year after being $799.9 million, analysts expect revenue to fall 13% year-over-year to $698.6 million for the quarter. For the year, revenue is expected to come in at $2.63 billion.
Apollo's loss in the last quarter followed profits in the previous two quarters.
The company has reported decreasing revenue in the last three quarters. Revenue in the second quarter fell 28% year-over-year to $578.6 million. The figure dropped 16% in the first quarter and 18% in the fourth quarter.
Through its subsidiaries, Apollo Group offers innovative and unique educational programs and services both online and on-campus at the undergraduate, graduate, and doctoral levels. Strayer Education, also in the schools industry, will report earnings on Wednesday, July 29, 2015. Analysts are expecting earnings of $1.01 per share for Strayer Education, down 22% from last year's earnings of $1.29 per share. Other companies in the schools industry with upcoming earnings release dates include: Grand Canyon Education, National American Univ. Holdings and Career Education.
Earnings estimates provided by Zacks.
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