Corinthian Colleges and Career Education Shares Dragged Down by Apollo Groups Weak Results
Five Star Equities Provides Stock Research on Corinthian Colleges and Career Education
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 10/19/12 -- 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).
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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 and get exclusive access to our numerous stock reports and industry newsletters.
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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Datum: 19.10.2012 - 12:20 Uhr
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