Charting Corinthian Colleges' Latest Earnings Release
Corinthian Colleges (NAS: COCO) reported earnings on May 3. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q3), Corinthian Colleges missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share shrank significantly.
Margins shrank across the board.
Corinthian Colleges booked revenue of $424.1 million. The nine analysts polled by S&P Capital IQ foresaw a top line of $433.3 million on the same basis. GAAP reported sales were 8.3% lower than the prior-year quarter's $462.3 million.
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 $0.15. The 12 earnings estimates compiled by S&P Capital IQ averaged $0.15 per share. GAAP EPS of $0.05 for Q3 were 74% lower than the prior-year quarter's $0.19 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 39.6%, 90 basis points worse than the prior-year quarter. Operating margin was 6.1%, 20 basis points worse than the prior-year quarter. Net margin was 1.0%, 250 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $402.9 million. On the bottom line, the average EPS estimate is $0.11.
Next year's average estimate for revenue is $1.66 billion. The average EPS estimate is $0.27.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 294 members out of 359 rating the stock outperform, and 65 members rating it underperform. Among 80 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 61 give Corinthian Colleges a green thumbs-up, and 19 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 $4.03.
Over the decades, small-cap stocks, like Corinthian Colleges have provided market-beating returns, provided they're value priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: Two Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.
- Add Corinthian Colleges to My Watchlist.
At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.