One of the wholly-owned subsidiaries of
Apollo Group, Inc.
), University of Phoenix, recently announced its plan to
collaborate with The American Hotel & Lodging Educational
Institute (EI) in order to provide more academic opportunities
for hospitality professionals.
APOLLO GROUP (APOL): Free Stock Analysis
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The partnership will provide EI students the opportunity to use
their EI training and professional certificates and pursue
advanced education. The partnership will also create a Credit
Recommendation Guide (CRG), which will enable EI students to
qualify for college credit while pursuing undergraduate degree at
the University of Phoenix.
Education companies like Apollo and
Capella Education Company
) have been witnessing volatile enrollment growth for the past
few quarters due to the current economic scenario. This research
program will help to improve effectiveness of the company's
programs, thereby improving its enrollment.
On Mar 25, 2013, Apollo Group reported adjusted earnings
(excluding special items) of 34 cents per share in the second
quarter of fiscal 2013, surpassing the Zacks Consensus Estimate
by 88.9%. However, lower revenues and higher marketing and
advertising expenses resulted in a 40.4% decline from the
prior-year earnings of 57 cents per share.
Apollo Group's net revenue of $834.4 million in the second
quarter of fiscal 2013 surpassed the Zacks Consensus Estimate of
$821 million by 1.6%. Revenues, however, declined 13.3% from the
prior-year quarter due to decline in enrollment at the University
Apollo Group carries a Zacks Rank #3 (Hold).
Education stocks such as
New Oriental Education & Technology Group
Grand Canyon Education, Inc.
) are currently performing well and are worth considering. New
Oriental carries a Zacks Rank #1 (Strong Buy), whereas Grand
Canyon Education holds a Zacks Rank #2 (Buy).