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Legacy Education Inc. (LGCY)
:LGCY
Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.11Last Year’s EPS
0.11Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: -22.52%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Positive
The earnings call showcased strong revenue growth, strategic acquisitions, and resilience in operations despite external challenges. Financial metrics were positive, and the company continues to expand its program offerings and enrollment. However, there are concerns about regulatory scrutiny in the for-profit education sector and the recent impact of natural disasters.Company Guidance
During the Legacy Education Inc. Second Quarter Fiscal 2025 Earnings Conference Call, the company highlighted several key financial metrics and strategic initiatives. Revenue for Q2 2025 increased by 29.2% year-over-year to $13.6 million, driven by a 44.8% rise in the student population, reaching 2,768 students, and a 3% increase in new student starts. The net income was $1.4 million, with earnings per share at $0.10. EBITDA stood at $1.8 million, while adjusted EBITDA was $1.9 million. For the six months ended December 31, 2024, revenue was $27.6 million, reflecting a 32.1% growth year-over-year, with net income at $3.5 million, up 47.9%. The company reported strong cash reserves of $16.9 million, ensuring financial flexibility. Legacy Education also emphasized its strategic expansion in healthcare programs, the successful integration of Contra Costa Medical Career College, and resilience during the Los Angeles fires, underscoring its commitment to educational excellence and community support.Strong Revenue Growth
Revenue grew 29.2% year-over-year to $13.6 million, driven by enrollment growth and expansion in high-demand health care programs.
Significant Increase in Student Enrollment
Student population grew 44.8% year-over-year to 2,768 students, fueled by strong enrollments and the acquisition of Contra Costa Medical Career College.
Strategic Acquisition
Acquisition of Contra Costa Medical Career College completed, adding 14 new programs and expanding market opportunities.
Resilience and Operational Excellence
Despite the Los Angeles fires, operations continued smoothly with no downtime, showcasing strong emergency preparedness and community support.
Positive Financial Metrics
Net income reached $1.4 million, 8.5% growth year-over-year. EBITDA of $1.8 million, 3.6% growth year-over-year.
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LGCY 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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LGCY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | $9.68 | $8.64 | -10.74% |
| Nov 14, 2024 | $5.60 | $6.52 | +16.43% |
| Oct 07, 2024 | $4.87 | $5.07 | +4.11% |
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 Legacy Education Inc. (LGCY) report earnings?
Legacy Education Inc. (LGCY) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Legacy Education Inc. (LGCY) earnings time?
Legacy Education Inc. (LGCY) earnings time is at Feb 13, 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 LGCY EPS forecast?
LGCY EPS forecast for the fiscal quarter 2025 (Q2) is 0.11.
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