Financial News
Lincoln Educational (LINC) To Report Earnings Tomorrow: Here Is What To Expect
Education company Lincoln Educational (NASDAQ:LINC) will be reporting earnings tomorrow before market hours. Here’s what to expect.
Lincoln Educational beat analysts’ revenue expectations by 2.3% last quarter, reporting revenues of $102.9 million, up 16.1% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ earnings estimates. It reported 14,481 total students, up 11.4% year on year.
Is Lincoln Educational a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Lincoln Educational’s revenue to grow 11.2% year on year to $110.8 million, improving from the 8.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.14 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Lincoln Educational has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 4.4% on average.
Looking at Lincoln Educational’s peers in the education services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Adtalem delivered year-on-year revenue growth of 13.2%, beating analysts’ expectations by 5%, and Laureate Education reported revenues up 2%, topping estimates by 1.9%. Adtalem traded up 9.5% following the results while Laureate Education was also up 8.5%.
Read our full analysis of Adtalem’s results here and Laureate Education’s results here.
There has been positive sentiment among investors in the education services segment, with share prices up 6.4% on average over the last month. Lincoln Educational is up 38.4% during the same time and is heading into earnings with an average analyst price target of $17.25 (compared to the current share price of $17.27).
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