Corinthian Colleges Inc.
Company Description
Corinthian offers diploma programs and associate's, bachelor's and master's degrees in a variety of fields, concentrating on careers in health care, business, criminal justice, transportation maintenance, trades and technology.
Earnings Less than a Week Away
On Jan 27 the company will report its second-quarter results for fiscal 2009. The consensus estimate has climbed slightly, from 14 cents to 15 cents per share over the past 3 months.
Corinthian has beat or met expectations in each of the past 4 quarters.
Growth and Valuation
Full-year estimates are showing excellent growth rates. The full-year 2009 consensus of 59 cents and full-year 2010 consensus of 87. These estimates forecast year-over-year growth of 38% and 48%, respectively.
At first glance the stock looks quite expensive, with a trailing P/E of 39 times earnings. However, considering the company's 20% long-term growth rate, the PEG ratio is 1.5, near the industry average of 1.4.
Also the forward P/E ratio its just under 20 times earnings.
The Chart
Shares of COCO had been range bound until recently, trading closing between just above $16 to just below $15. However, the stock recently broke out of the channel and have been above the previous resistance for several sessions. Take a look at the chart below.
Read the full analyst report on COCO

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