Surging Earnings Estimates Signal Good News for Corinthian Colleges (COCO)


Corinthian Colleges Inc. (COCO) is a California based company which provides post secondary education and could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on COCO’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Corinthian could be a solid choice for investors.

Current Quarter Estimates for COCO

In the past 30 days, 2 estimates have gone higher for Corinthian while 1 estimate moved lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 4 cents a share 30 days ago, to 5 cents today, a move of 25.0%.

Current Year Estimates for COCO

Meanwhile, Corinthian’s current year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared to 2 moving lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 2 cents per share 30 days ago to 7 cents per share today, an improvement of 250%.

Bottom Line

The stock has also started to move higher lately, adding 14.18% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.

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CORINTHIAN COLLEGES INC (COCO): Free Stock Analysis Report

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