Corinthian Colleges and Career Education Shares Dragged Down by Apollo Groups Weak Results
19 Octobre 2012 - 2:20PM
Marketwired
For-profit education companies have struggled in 2012 as high
unemployment rates and tighter admissions practices have led to
lower enrollment numbers. Weak quarterly results from industry
bellwether Apollo Group saw shares of for-profit education
companies fall Wednesday. The Bloomberg U.S. For-Profit Education
Index (USEDU) declined over 8 percent. Five Star Equities examines
the outlook for companies in the Education & Training Services
Industry and provides equity research on Corinthian Colleges Inc.
(NASDAQ: COCO) and Career Education Corp. (NASDAQ: CECO).
Access to the full company reports can be found at:
www.FiveStarEquities.com/COCO
www.FiveStarEquities.com/CECO
The industry has faced increased competition from companies
offering online low-cost classes. As a result a number of companies
have been taking new approaches to improve their bottom-line, and
some schools are reducing expenses as companies try to offset
declining revenues. Apollo plans to shut down a total of 115
locations (90 learning and student resource centers and 25
campuses).
"Education stocks are value traps, burdened by a downward bias
in estimates, limited enrollment visibility and increasingly
intense competitive dynamics," said Peter Appert, an analyst at
Piper Jaffray & Co.
Five Star Equities releases regular market updates on the
Education & Training Services Industry so investors can stay
ahead of the crowd and make the best investment decisions to
maximize their returns. Take a few minutes to register with us free
at www.FiveStarEquities.com and get exclusive access to our
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Corinthian Colleges is one of the largest post-secondary
education companies in North America. The company is scheduled to
release their first quarter 2013 financial results before market
open on October 31, 2012. Shares of Corinthian Colleges have fallen
over 30 percent in the last 6 months.
The Career Education Corp. consists of 90 campuses that serve
students throughout the United States and in France, the United
Kingdom and Monaco, and offer doctoral, master's, bachelor's and
associate degrees and diploma and certificate programs. The company
is scheduled to release third-quarter 2012 financial results after
market close on Thursday, November 8, 2012.
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