Earnings Preview For DeVry (DV)

DeVry

is expected to announce its Q1 earnings report on Tuesday, April 26, after the markets close. Analysts are predicting earnings per share to reach $1.23, slightly up from last year's level of $1.12. A month ago, analysts have lowered their earnings per share estimate by $0.01. DeVry is a provider of educational services and the parent organization of Advanced Academics, Becker Professional Education, Carrington College and Carrington College California, Chamberlain College of Nursing, DeVry Brasil, DeVry University, and Ross University. These institutions offer a range of programs in business, healthcare and technology and serve students in middle school through postsecondary education, as well as accounting and finance professionals. DeVry University provides bachelor's and master's degree programs in technology, science, business and the arts. DeVry University is a private, degree-granting, regionally accredited, higher education system in North America. Ross University is a provider of medical and veterinary medical education. Chamberlain College of Nursing offers associate, bachelor's, master's and degree completion programs in nursing at its seven campuses in the United States and online. Bank of America recently downgraded DeVry's rating from “buy” to “neutral.” DeVry is just one of a number of educational services company stocks that have been going down recently. DeVry's shares lost 10% last week with their closing value being $49.29. Investors will be hoping for strong Tuesday results, which could be a turning point for DeVry. Last year the company beat market expectations in all four quarterly reports, providing some hope that the same can be the case this Tuesday. Revenues are expected to go down in the rest of the year, however. For this quarter, analysts are predicting revenues of $563.83 million, before losing some ground in the next quarter, when they are expected to stand at $555.38 million. For the year as a whole, 2011 is still expected to beat the previous year by almost 15%.