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Universal Technical Institute (UTI)
:UTI
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.18Last Year’s EPS
0.17Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 29, 2018
|% Change Since: 27.00%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a strong fiscal year 2024 for Universal Technical Institute, with substantial growth in revenue, net income, and student starts. The company successfully expanded its program offerings and strengthened industry partnerships, particularly with Concorde's performance surpassing expectations. While there are some concerns about potential regulatory impacts, the overall outlook is positive, with strategic growth plans in place for fiscal 2025.Company Guidance
During the Universal Technical Institute (UTI) fourth quarter and full year 2024 earnings call, the company provided guidance reflecting a robust financial outlook for fiscal 2025. Key metrics included an anticipated revenue range of $800 million to $815 million, signifying approximately 10% year-over-year growth. UTI expects adjusted EBITDA to increase to between $120 million and $124 million, representing a 19% improvement over the previous year. The guidance also projected new student starts to range from 28,000 to 29,000. The company highlighted a strategic focus on expanding program offerings, with plans to launch at least nine full-length programs and ten short courses across its divisions. UTI's growth strategy is supported by ongoing investments in marketing and admissions, as well as efforts to optimize operations and enhance program capacity. The fiscal 2025 guidance underscores UTI's commitment to building on the momentum achieved in 2024 and continuing its trajectory of growth and diversification.Significant Revenue Growth
Revenues for fiscal 2024 grew roughly 21% year-over-year to $733 million, exceeding expectations.
Strong Net Income and EPS
Net income for fiscal 2024 increased to $42 million with diluted earnings per share of $0.75.
Impressive Adjusted EBITDA Growth
Adjusted EBITDA improved by 60% to $103 million.
Increase in Student Starts
Total new student starts increased by roughly 19% for the fiscal year.
Positive Industry Recognition
CNBC articles highlighted the growing preference for skilled collar jobs over traditional college paths.
Concorde Division Outperformance
Concorde division surpassed growth expectations with strong increases across all programs, notably a 39.3% increase in new student starts for the full year.
Expansion of Program Offerings
Launch of new programs such as aviation and HVAC at various campuses, and plans for new programs in fiscal 2025.
Strategic Partnerships
Expanded partnership with Heartland Dental, expected to add more than $4 million in run rate revenue.
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UTI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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UTI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 20, 2024 | $19.89 | $23.61 | +18.70% |
| Aug 06, 2024 | $17.50 | $16.92 | -3.31% |
| May 08, 2024 | $16.69 | $15.19 | -8.99% |
| Feb 07, 2024 | $14.70 | $16.20 | +10.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Universal Technical Institute (UTI) report earnings?
Universal Technical Institute (UTI) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Universal Technical Institute (UTI) earnings time?
Universal Technical Institute (UTI) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is UTI EPS forecast?
UTI EPS forecast for the fiscal quarter 2025 (Q1) is 0.18.
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