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Strayer Education – Growth And Income – Zacks Rank Buy

Source: http://www.zacks.com/commentary/12605/Strayer+Education+-+Growth+And+Income+-+Zacks+Rank+Buy
Posted on Monday, November 2nd, 2009 | In Investing Lessons, Stocks to Watch
Contributed by: Alex Kolb (http://www.zacks.com/) -

Strayer Education, Inc. (STRA) delivered a record third quarter. Earnings per share of $1.21 topped the year-prior 83 cents and outpaced the Zacks Consensus Estimate by 4%. Revenues totaled $114.4 million, a 31% increase year-over-year. Fall enrollments jumped 22%.

“We are pleased with our solid financial results for the third quarter and our strong student enrollment for the fall term,” said Robert S. Silberman, Chairman and CEO of Strayer Education, Inc. “We look forward to opening 13 new campuses in 2010. For the 2010 winter term, we will add three new Strayer markets with new campuses in New Brunswick and Lawrenceville, New Jersey and Little Rock, Arkansas.”

Bullish Forecasts

Strayer said based on the strong enrollment numbers and the planned investments in opening new campuses, it sees fourth-quarter earnings ranging between $2.28 to $2.30 per share. For 2009, the company is expecting earnings to range between $7.56 to $7.58 per share. Analysts polled by Zacks are in agreement.

Read the October 8 commentary on STRA.

Last Week’s Growth and Income Zacks Rank Buy Stocks

DeVry Inc. (DV) recently announced a record fiscal first quarter. Earnings per share of 76 cents topped last year’s 48 cents and exceeded the Zacks Consensus Estimate by 17%. Read the whole story on DV.

Wolverine World Wide Inc. (WWW) recently posted third-quarter earnings of 62 cents per share, eclipsing the Zacks Consensus Estimate by 11%. The company hiked its full-year earnings guidance, and analysts followed suit, lifting the Zacks Consensus Estimate to $1.74 per share from last month’s $1.68. Shares spiked on the strong quarter, currently trading near a 52-week high. Read the whole story on WWW.

Nordstrom, Inc. (JWN) has more than doubled the market’s return over the past year. During the last 3 months, JWN saw even more bullish trading as shares nearly tripled the performance of the major averages. Analysts are also bullish, lifting the full-year Zacks Consensus Estimate from $1.57 per share to $1.65 over the past month. Read the whole story on JWN.

Coach, Inc. (COH) recently reported fiscal first quarter results. Earnings per share of 44 cents surpassed the Zacks Consensus Estimate by 13%. The company has delivered an average upside earnings surprise of 5% over the past 4 consecutive quarters. Read the whole story on COH.

Zacks Investment Research

Last 5 posts by Alex Kolb





About Alex Kolb (http://www.zacks.com/)
Alex Kolb is an Editor at Zacks Investment Research.

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