Corinthian Colleges (COCO) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS
Corinthian Colleges (NASDAQ:COCO) issued its quarterly earnings data on Tuesday. The company reported ($0.09) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.07) by $0.02, AR Network reports. The company had revenue of $365.00 million for the quarter, compared to the consensus estimate of $374.90 million. During the same quarter last year, the company posted $0.06 earnings per share. Corinthian Colleges’s revenue was down 9.2% compared to the same quarter last year. Corinthian Colleges updated its Q2 guidance to $0.02-0.04 EPS and its FY14 guidance to $0.10-0.15 EPS.
Several analysts have recently commented on the stock. Analysts at Compass Point reiterated a “sell” rating on shares of Corinthian Colleges in a research note to investors on Friday, August 30th. They now have a $1.50 price target on the stock. Analysts at Wells Fargo & Co. reiterated a “market perform” rating on shares of Corinthian Colleges in a research note to investors on Tuesday, August 20th. They now have a $3.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $2.25.
Shares of Corinthian Colleges (NASDAQ:COCO) opened at 2.16 on Tuesday. Corinthian Colleges has a 1-year low of $1.85 and a 1-year high of $2.97. The stock’s 50-day moving average is $2.13 and its 200-day moving average is $2.27. The company’s market cap is $186.7 million.
Corinthian Colleges, Inc (NASDAQ:COCO) is a post-secondary education companies in the United States.