Apollo Group First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Apollo Group (NASDAQ:APOL) will unveil its latest earnings on Tuesday, January 8, 2013. 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.

Apollo Group Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 90 cents per share, a decline of 29.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.10. Between one and three months ago, the average estimate moved down. It has been unchanged at 90 cents during the last month. Analysts are projecting profit to rise by 22.2% compared to last year’s $2.77.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 3 cents, reporting net income of 52 cents per share against a mean estimate of profit of 49 cents per share.

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A Look Back: In the fourth quarter of the last fiscal year, profit fell 60% to $75.4 million (68 cents a share) from $188.6 million ($1.36 a share) the year earlier, but exceeded analyst expectations. Revenue fell 13.2% to $974.3 million from $1.12 billion.