PREVIEW-Apollo Group Q3 results may meet or exceed Wall Street

viernes 26 de junio de 2009 22:10 CEST
 

* What: Q3 results

* When: Monday, June 29

* Q3 expected to meet or beat market expectations

* Enrollments continue to grow

By Amulya Nagaraj

BANGALORE, June 26 (Reuters) - Apollo Group Inc (APOL.O: Cotización), like other education providers, has benefited from the recession as more people returned to school in search of a better degree, but analysts say the trend will taper off as the economy improves.

Thus the third quarter ended May 31 might well be the inflection point for the for-profit education provider.

"Enrollments will still be strong but this will probably be the best quarter. It will slow down after but not like falling off a cliff," BMO Capital analyst Jeffrey Silber said.

Economists have been talking about green shoots emerging in the U.S. economy ravaged by the credit crisis, and investors believe they do not bode well for education companies.   Continuación...