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Forbes Earnings Preview: DeVry

This article is more than 10 years old.

Analysts expect decreased profit for DeVry (DV) when the company reports its third quarter results on Tuesday, April 24, 2012. Although DeVry reported profit of $1.32 a year ago, the consensus estimate calls for earnings per share of $1.

What to Expect:

The consensus estimate remains unchanged over the past month, but it has decreased from three months ago when it was $1.08. For the fiscal year, analysts are projecting earnings of $3.61 per share.

After being $562.7 million a year ago, analysts project revenue to drop 5.9% year-over-year to $529.5 million for the quarter. For the year, revenue is expected to come in at $2.09 billion.

Trends to Watch For:

Net income has declined for each of the last two quarters. In the second quarter, net income fell 90% from the year earlier quarter, while the figure dropped 21.9% in the first quarter.

Revenue has declined in the past two quarters. In second quarter, revenue declined 5% to $524 million from the year earlier quarter. In the first quarter, the figure fell 0.5%.

Analyst Ratings:

Analysts are split on DeVry, but seven of 14 analysts rate it hold.

Competitors:

DeVry owns and operates institutions for higher education, including DeVry University and Ross University. One of DeVry's main competitors in the diversified consumer services industry is Apollo Group (APOL). Other competitors in the consumer discretionary sector include: Career Education (CECO), National American University Holdings (NAUH), and Corinthian Colleges (COCO).

Recent Price Movement:

The stock price has fallen 21% to $32 from $40.50 since January 20, 2012.

Earnings estimates provided by Zacks.

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