In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Zovio has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Earnings and Revenue Growth Forecasts

OTCPK:ZVOI - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
9/30/2022	190	-39	-78	-77	N/A
6/30/2022	230	-41	-58	-56	N/A
3/31/2022	248	-40	-16	-14	N/A
12/31/2021	263	-42	-18	-15	N/A
9/30/2021	301	-76	-9	-6	N/A
6/30/2021	341	-70	0	2	N/A
3/31/2021	376	-60	30	32	N/A
12/31/2020	397	-49	22	25	N/A
9/30/2020	400	-15	5	12	N/A
6/30/2020	402	-23	-33	-17	N/A
3/31/2020	406	-46	-62	-36	N/A
12/31/2019	418	-55	-78	-46	N/A
9/30/2019	416	-45	-64	-35	N/A
6/30/2019	425	-36	-40	-20	N/A
3/31/2019	436	-3	-18	-9	N/A
12/31/2018	443	5	-11	-8	N/A
9/30/2018	454	13	-1	2	N/A
6/30/2018	459	11	-5	-2	N/A
3/31/2018	462	1	-11	-8	N/A
12/31/2017	475	9	-8	-4	N/A
9/30/2017	486	-3	3	7	N/A
6/30/2017	504	-12	-1	3	N/A
3/31/2017	524	-10	16	20	N/A
12/31/2016	524	-33	8	11	N/A
9/30/2016	539	-23	-14	-11	N/A
6/30/2016	543	-76	N/A	0	N/A
3/31/2016	552	-80	N/A	-9	N/A
12/31/2015	562	-70	N/A	19	N/A
9/30/2015	578	-69	N/A	17	N/A
6/30/2015	599	0	N/A	44	N/A
3/31/2015	624	14	N/A	49	N/A
12/31/2014	639	10	N/A	14	N/A
9/30/2014	654	10	N/A	48	N/A
6/30/2014	674	18	N/A	43	N/A
3/31/2014	696	17	N/A	48	N/A
12/31/2013	751	46	N/A	86	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if ZVOI's forecast earnings growth is above the savings rate (2.6%).

Earnings vs Market: Insufficient data to determine if ZVOI's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if ZVOI's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if ZVOI's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if ZVOI's revenue is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if ZVOI's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/30 00:03
End of Day Share Price	2024/12/20 00:00
Earnings	2022/09/30
Annual Earnings	2021/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Zovio Inc is covered by 20 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Gary Bisbee	Barclays
Alexander Paris	Barrington Research Associates, Inc.
Jeffrey Silber	BMO Capital Markets Equity Research

Zovio Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Price target lowered to US$8.00

Recent updates

Michael Cole, A Class I Director Resigns from the Board of Zovio Inc

Simplilearn Solutions Private Limited acquired Fullstack Academy from Zovio Inc (OTCPK:ZVOI).

Zovio Inc announced delayed 10-Q filing

Zovio Receives an Expected Written Notification from the Listing Qualifications Department of the Nasdaq

Second quarter 2022 earnings released: US$0.14 loss per share (vs US$0.12 loss in 2Q 2021)

University of Arizona Global Campus acquired the OPM Business of Zovio Inc (NasdaqGS:ZVO).

Zovio&nbsp; Non-GAAP EPS of -$0.36, revenue of $51.38M

Zovio Inc to Report Q2, 2022 Results on Aug 01, 2022

Health Check: How Prudently Does Zovio (NASDAQ:ZVO) Use Debt?

High number of new directors

Zovio Inc Announces Resignation of Matthew Hillman as Executive Officer

Zovio Announces Filing of Appeal in California Case

Zovio Inc, Annual General Meeting, Jun 15, 2022

Zovio Inc Announces Resignation of Ryan Craig as Director of Company

Zovio Receives Non-Compliance Notice from Nasdaq

Zovio Inc announced delayed annual 10-K filing

Zovio Inc Announces Not to Stand Re-Election of Victor K. Nichols, Class I Director

Does Zovio (NASDAQ:ZVO) Have A Healthy Balance Sheet?

High number of new directors

Third quarter 2021 earnings released: US$0.16 loss per share (vs US$0.034 profit in 3Q 2020)

Second quarter 2021 earnings released: US$0.12 loss per share (vs US$0.16 profit in 2Q 2020)

First quarter 2021 earnings released: US$0.29 loss per share (vs US$0.067 profit in 1Q 2020)

Co-Founder & President Andrew Clark has left the company

Co-Founder & President exercised options and sold US$268k worth of stock

Full year 2020 earnings released: US$1.53 loss per share (vs US$1.86 loss in FY 2019)

Revenue misses expectations

Zovio Supports 2021 Arizona SciTech Festival

What Is The Ownership Structure Like For Zovio Inc (NASDAQ:ZVO)?

Zovio Inc to Report Q4, 2020 Results on Feb 24, 2021

New 90-day high: US$5.88

Announcing: Zovio (NASDAQ:ZVO) Stock Increased An Energizing 253% In The Last Year

New 90-day high: US$5.50

New 90-day high: US$5.13

Is Zovio (NASDAQ:ZVO) Using Too Much Debt?

Zovio: The Business Model Shift Is Positive, But Risks Are Still Too High

Should You Review Recent Insider Transactions At Zovio Inc (NASDAQ:ZVO)?

University of Arizona Global Campus completed the acquisition of Ashford University from Zovio Inc (NasdaqGS:ZVO).

What Type Of Shareholders Make Up Zovio Inc's (NASDAQ:ZVO) Share Registry?

Third quarter earnings released

Third-quarter earnings released: Revenue misses expectations

New 90-day low: US$3.87

Zovio&nbsp; EPS beats by $0.07, misses on revenue

Zovio Appoints Matthew Hillman as Executive Vice President of University Partnerships

Bridgepoint Education, Inc. to Report Q4, 2018 Results on Mar 12, 2019

Bridgepoint Education, Inc. to Report Q1, 2010 Results on 05/03/2010

University of Arizona Global Campus entered into a non-binding letter of intent to acquire Ashford University from Zovio Inc (NasdaqGS:ZVO) for $1.

Independent Director recently sold US$260.6k worth of stock

New 90-day high - US$5.05

Earnings released