Apollo Education Group, Inc. (APOL) is the industry leader in the U.S. private education services sector. Apollo Education Group offers post-secondary career oriented programs to working adults through its subsidiaries, University of Phoenix (UOP) and Apollo Global. UOP is one of the most powerful brands offering programs in business, education and nursing through its eight colleges. Apollo Global has presence in six continents, including the United Kingdom, Mexico, Chile, Australia and South Africa.
Enrollments have been declining at UOP since 2010 due to lower demand and competitive pressures. However, encouragingly the rate of decline in starts at UOP has improved at a steady level throughout 2014 and the first half of 2015, indicating that the company’s branding, program diversification and student retention initiatives are gradually yielding results. Due to this, investors are eagerly awaiting the company’s earnings report in order to set the record straight and to give guidance for the company’s outlook.
Investors should also note the recent earnings estimate movements for APOL has been downward. However, APOL has been posting positive earnings surprise for the past four quarters in a row, with an average surprise of 26.43%.
Currently, APOL has a Zacks Rank #4 (Sell), but that could definitely change following Apollo Education Group’ earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: APOL reported narrower loss in the quarter. Our consensus loss estimate was $0.16/share, and the company reported loss of $0.10 instead. Investors should note that these figures take out special items.
Revenues: APOL reported revenues of $578.6 million. This missed our consensus estimate of $584 million.
Key Stats to Note: Enrollment at UOP declined 12.9% in the quarter.
Check back later for our full write up on this APOL earnings report later!
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