Credit Suisse Raises EPS Estimates On APOL

Credit Suisse is raising its EPS estimates on shares of Apollo Group Inc. APOL. We are raising our FY11/FY12/FY13 EPS estimates somewhat to $4.65/$2.20/$1.40 from $4.15/$2.00/$1.20 to reflect refinements to our model,” Credit Suisse writes. “However, our new estimates reflect our concerns that the improving economy and other factors may cause FY12 EPS to fall below implied guidance and that the mechanics of the business model suggest FY13 will be worse than FY12.” Apollo Group closed Tuesday at $40.55.