Zovio Inc. (NASDAQ:ZVO) is set to announce third quarter earning results on Wednesday 28th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, ZVO to report 3Q20 income of $ 0.02 per share.
For the full year, analysts anticipate top line of $ 409.80 million, while looking forward to income of $ 0.16 per share bottom line.
Previous Quarter Performance
Zovio Inc. reported income for the second quarter of $ 0.24 per share, from the revenue of $ 103.94 million. The quarterly revenues contracted 4.64 percent compared with the same quarter last year. The consensus estimates are income of $ 0.11 per share from $ 93.00 million in revenue. The bottom line results beat street analysts by $ 0.13 or 118.18 percent, at the same time, top line results outshined analysts by $ 10.94 million or 11.76 percent.
Stock Performance
Shares of Zovio Inc. traded low $ -0.13 or -3.13 percent on Tuesday, reaching $ 4.03 with volume of 533.20 thousand shares. Zovio Inc. has traded high as $ 4.49 and has cracked $ 3.97 on the downward trend
According to the previous trading day, closing price of $ 4.03, representing a 285.19 % increase from the 52 week low of $ 1.08 and a 42.54 % decrease over the 52 week high of $ 7.24.
The company has a market capital of $ 129.52 million and is part of the Consumer Defensive sector and Education & Training Services industry.
Conference Call
Zovio Inc. will be hosting a conference call at 5:00 PM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.zovio.com
Zovio Inc operates as an education technology services company in the United States. The company provides data management and software to curriculum and financial aid, including enrollment, retention, academic, and tuition for higher education institutions; upskilling courses, degree programs, and certifications for employers; and programs, such as work at your own pace, certificates, micro-badge programs, and college degree programs for learners. Zovio Inc, through its subsidiary, TutorMe.com, Inc., offers online tutoring to academic institutions.
