Markets

Apollo Education (APOL) Miss on Earnings, Enrollment Dips

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 across the globe, including the United Kingdom, Mexico, Chile, Australia and South Africa.

Apollo Education's earnings and revenues in all the four quarters of 2015 were hurt by lower enrollment and weak new enrollment at UOP. Revenue has decreased year over year in the last four quarters, largely due to disruptions related to the online classroom conversion, which was implemented in the fourth quarter 2014. Nonetheless, Apollo Global continues to perform well in the international market, which supports the company's revenues.

Investors should also note there has been no recent earnings estimate movement for APOL. However, APOL has been posting positive earnings surprise for the past four quarters in a row, with an average surprise of 20.88%.

Currently, APOL has a Zacks Rank #2 (Buy), 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 missed earnings per share estimate in the quarter. Our consensus earnings estimate was $0.18/share, and the company reported earnings of $0.17 instead. Investors should note that these figures take out special items.

Revenues: APOL reported revenues of $600.3 million. This missed our consensus estimate of $625 million.

Key Stats to Note: Enrollment at UOP declined 18.3% in the quarter.

Share price: In-active in pre-market trading .

Check back later for our full write up on this APOL earnings report later!

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APOLLO GROUP (APOL): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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