Earnings Preview: Apollo Group
Private education company Apollo Group (NASDAQ: APOL) is expected to release its quarterly earnings results after the closing bell on Monday. Heading into the print, Wall Street analysts expect the company to report earnings per share of $0.97 versus $1.45 in the year ago period. The high estimate is $1.16 with a low estimate of $0.78.
Revenues are expected to come in at $1.12 billion versus $1.24 billion in last year's corresponding quarter. This represents a sales decline of 9.60%. The high estimate is $1.15 billion with a low estimate of $1.09 billion.
Over the last 90 days, earnings estimates for APOL have risen one penny from $0.96. During this time period, APOL shares have fallen roughly 23%.
There has been some volatility in the stock ahead of this afternoon's earnings report. Shares spiked in the early going on Monday, but have since fallen. At last check, APOL was trading down more than 2.50% to $32.65.
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