Lincoln Educational (LINC) Reports Earnings Tomorrow: What To Expect

LINC Cover Image

Education company Lincoln Educational (NASDAQ: LINC) will be reporting results this Monday morning. Here’s what you need to know.

Lincoln Educational beat analysts’ revenue expectations by 2% last quarter, reporting revenues of $117.5 million, up 13.7% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates. It reported 15,904 enrolled students, up 15.2% 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 12.6% year on year to $115.9 million, slowing from the 16.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.04 per share.

Lincoln Educational Total Revenue

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 3.9% on average.

Looking at Lincoln Educational’s peers in the education services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Grand Canyon Education delivered year-on-year revenue growth of 8.8%, beating analysts’ expectations by 2.8%, and Universal Technical Institute reported revenues up 15.1%, topping estimates by 2%. Grand Canyon Education traded up 1.5% following the results while Universal Technical Institute was down 2.7%.

Read our full analysis of Grand Canyon Education’s results here and Universal Technical Institute’s results here.

Investors in the education services segment have had steady hands going into earnings, with share prices flat over the last month. Lincoln Educational is up 6% during the same time and is heading into earnings with an average analyst price target of $25.80 (compared to the current share price of $24.02).

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