For the fiscal third quarter Corinthian Colleges reported earnings of 3 cents a share, missing the Capital IQ Consensus Estimate of 5 cents a share by 2 cents. Revenue grew 11.6% from the year-ago quarter to $349.8 million. Analysts expected revenue of $355.13 million for the quarter.
Looking forward to the fiscal fourth quarter the company expects EPS of 11 cents to 13 cents a share, while analysts expect earnings of 5 cents a share. Corinthian Colleges expects revenue of $340 million to $350 million in the quarter, above analysts' estimates of $336.07 million.
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TheStreet Ratings team rates CORINTHIAN COLLEGES INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate CORINTHIAN COLLEGES INC (COCO) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."