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Lincoln Educational Services Corp. (LINC)
NASDAQ:LINC
Holding LINC?
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Earnings Data
Report Date
Mar 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.3Last Year’s EPS
$0.33Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 11, 2024
|% Change Since: -4.63%
|Next Earnings Date:Mar 03, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook for Lincoln Educational Services, highlighting significant growth in revenue and student starts, successful implementation of Lincoln 10.0, and strategic campus expansions. While there were challenges with the nursing program at one campus and the divestiture of the Euphoria Institute, these issues were relatively minor compared to the overall positive trajectory of the company.Company Guidance
During the third quarter of 2024, Lincoln Educational Services reported strong financial performance, fueled by a 15% increase in total revenue to $114.4 million, driven by a 10.6% rise in average student population and a remarkable 21% growth in student starts. The company's adjusted EBITDA surged by 67% to $10.2 million, contributing to a year-to-date adjusted EBITDA of $23.1 million, which is a 114% increase from the previous year. Lincoln's new East Point campus exceeded expectations with $5 million in revenue and positive EBITDA in its first seven months of operation. This success, combined with robust interest in skilled trades training and strategic expansions, prompted Lincoln to raise its full-year 2024 guidance, forecasting revenue between $430 million and $435 million, adjusted EBITDA of $41 million to $43 million, and start growth of 13% to 15%.Strong Revenue and Start Growth
Lincoln Educational Services reported a nearly 15% increase in total revenue for Q3 2024, reaching $114.4 million. The company also experienced a 21% increase in student starts, with same-campus start growth exceeding 15%.
Successful Implementation of Lincoln 10.0
The Lincoln 10.0 hybrid teaching model was rolled out to teach 65% of students, contributing to improved operating efficiencies and increased interest in programs.
Expansion and New Campus Developments
Lincoln is relocating and opening new campuses, including Nashville, Philadelphia, Houston, and a future Long Island location, with total capital expenditures of around $75 million.
Strong Financial Position
Adjusted EBITDA for the quarter was $10.2 million, a 67% increase from the prior year, and the company has over $90 million in liquidity while remaining debt-free.
Increased Guidance for 2024
Lincoln raised its full-year guidance for revenue to $430-435 million and adjusted EBITDA to $41-43 million, with a student start growth forecast of 13-15%.
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LINC 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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LINC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | $16.20 | $16.78 | +3.58% |
| Aug 08, 2024 | $11.65 | $12.18 | +4.55% |
| May 06, 2024 | $11.09 | $12.23 | +10.28% |
| Feb 26, 2024 | $9.74 | $10.26 | +5.34% |
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 Lincoln Educational Services Corp. (LINC) report earnings?
Lincoln Educational Services Corp. (LINC) is schdueled to report earning on Mar 03, 2025, TBA Not Confirmed.
What is Lincoln Educational Services Corp. (LINC) earnings time?
Lincoln Educational Services Corp. (LINC) earnings time is at Mar 03, 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 LINC EPS forecast?
LINC EPS forecast for the fiscal quarter 2024 (Q4) is $0.3.
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