Earnings Preview: Apollo Group

Apollo Group, Inc. APOL is set to report earnings tonight, and Wall Street will be looking to hear how enrollment at the for-profit education company is going. At last check, shares of Apollo Group were up 96 cents to $43.98, a gain of 2.23%‎ so far during the trading session. Earnings for this quarter are expected to be $1.33 per share on revenues of $1.20 billion. This is down from last year, when the company reported earnings of $1.74 per share on $1.34 billion in revenues. Wall Street is expecting guidance for next quarter to come in at 92 cents per share on $1.09 billion in revenues. At current levels, shares are trading at less than 14 times forward earnings. Apollo Group, Inc. provides educational programs and services at the undergraduate, master's, and doctoral levels. The company offers associate's, bachelor's, master's, and doctoral degree programs in arts and sciences.