The 10-second takeaway
For the quarter ended Dec. 31 (Q2), Corinthian Colleges met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank slightly and GAAP earnings per share shrank to zero.
Gross margins dropped, operating margins increased, net margins dropped.
Corinthian Colleges reported revenue of $409.7 million. The 10 analysts polled by S&P Capital IQ anticipated revenue of $408.6 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.05. The 10 earnings estimates compiled by S&P Capital IQ averaged $0.06 per share. GAAP EPS dropped to zero from the prior-year quarter's $0.02.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 38.6%, 110 basis points worse than the prior-year quarter. Operating margin was 3.5%, 10 basis points better than the prior-year quarter. Net margin was 0.0%, 50 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $406.1 million. On the bottom line, the average EPS estimate is $0.05.
Next year's average estimate for revenue is $1.61 billion. The average EPS estimate is $0.19.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 284 members out of 359 rating the stock outperform, and 75 members rating it underperform. Among 89 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 65 give Corinthian Colleges a green thumbs-up, and 24 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Corinthian Colleges is hold, with an average price target of $2.66.
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