Apollo Group Inc (NASDAQ:APOL) revealed its Q3 results after the close of markets in the 22nd of October. The company has shown total revenue of $845 million and the earnings per share at around 55 cents. The expectations from analysts from this private education provider were set at 24 cents per share and the revenue for Q3 was expected to be around $824 million, in the same period last year, the company earned 52 cents by the share and net revenue stood at $996 million.
Earnings for the Apollo Group have seen a decline all the way through 2013 and the company has been on sort of an earnings slump for many years now. The expectations for earnings for this year are set at around $2.84 per share and the revenue for the entire year is expected to hit the $3.7 billion mark. From the last year, the Apollo Group earned around $3.56 per share and in 2011 it earned around $4.94 per share. The company is faced with a decline and there seem to be few ways to really go about solving this problem.
Since the beginning of 2013, the share prices of the Apollo Group have remained mostly flat, they have just lost around 1% during the course of this year so fat. The stocks for the company have continually underperformed under wider market indices. The S&P 500 has gained around 22% and the NASDAQ OMGX Group has gained around 29% for this year so far. Earnings are expected to decrease over the coming year and yet the company is still overpriced according to many metrics. Shares from Apollo Group are being traded at a little under 8.5 times the earnings from 2012 on today’s current scenario showing little or no growth in this year’s market.
As the executives discuss the current earnings reports, investors and analysts will be keeping an eye on what the company has to offer in order to deal with the falling revenues and earnings that look difficult to say the least.
