Education company Lincoln Educational (NASDAQ:LINC) will be announcing earnings results tomorrow before market open. Here's what you need to know.
Lincoln Educational beat analysts' revenue expectations by 6.6% last quarter, reporting revenues of $103.4 million, up 18.4% year on year. It was a decent quarter for the company, with full-year revenue guidance exceeding analysts' expectations but a miss of analysts' earnings estimates.
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 13.5% year on year to $100.6 million, improving from the 7.9% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.01 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 only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations 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. Adtalem delivered year-on-year revenue growth of 12.4%, beating analysts' expectations by 2.8%, and Laureate Education reported revenues up 8%, topping estimates by 3.2%. Laureate Education traded down 7.6% following the results.
Read our full analysis of Adtalem's results here and Laureate Education's results here.
Investors in the education services segment have had steady hands going into earnings, with share prices up 1.5% on average over the last month. Lincoln Educational is up 1.2% during the same time and is heading into earnings with an average analyst price target of $15.3 (compared to the current share price of $12.12).
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