DeVry Inc. (DV) shares are soaring on a big upgrade. Analysts continue to raise estimates heading into this week’s earnings report.

Company Description

DeVry is the parent company for several schools and other educational services including DeVry University, Becker Professional Education, and others.

Big Upgrade

On Apr 13 DeVry was upgraded to an “Outperform” by Credit Suisse, which sent DV and its peers higher. The news added fuel to the fire for this already hot stock.

Rising Estimates

The Zacks Consensus Estimate for full-year fiscal 2010 is now $3.59, up 36 cents in the past 90 days. Forecasts for the next fiscal year are averaging $4.42, up from $3.93.

If this Zacks Rank #2 can reach those levels, earnings growth would be 55% this year and another 23% next year.

Counter Cyclical

While investor confidence seems to be improving, along with other economic indicators, unemployment remains just under 10%.

Educators like DeVry do well in this environment as more and more people seek new certifications to help their job prospects. This is nothing new, but the unemployment picture continues to linger longer and longer.

The Chart

Shares of DV saw a nice bump on the upgrade news, which is particularly bullish because the company is set to report quarterly results on Apr 22. If DeVry posts solid numbers, shares should continue higher from here.

DeVry - ticker DV > <P ALIGN=Read the November 25th Feature Here

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Bill Wilton is the Growth Stock Strategist for He is also the Editor in charge of the market-beating Zacks Growth Trader service Zacks Investment Research