Education company Lincoln Educational (NASDAQ: LINC) will be reporting earnings this Monday before the bell. Here’s what to expect.
Lincoln Educational beat analysts’ revenue expectations last quarter, reporting revenues of $142.9 million, up 19.7% year on year. It was an exceptional quarter for the company, with full-year revenue guidance exceeding analysts’ expectations and a solid beat of analysts’ revenue estimates. It reported 17,046 enrolled students, up 12.6% year on year.
Is Lincoln Educational a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Lincoln Educational’s revenue to grow 15.9% year on year, improving from the 13.7% increase it recorded in the same quarter last year.
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.
Looking at Lincoln Educational’s peers in the consumer discretionary - education services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Laureate Education delivered year-on-year revenue growth of 15.4%, beating analysts’ expectations by 2.2%, and Covista reported revenues up 4.5%, topping estimates by 2.7%. Laureate Education traded down 1.1% following the results while Covista was up 14.3%.
Read our full analysis of Laureate Education’s results here and Covista’s results here.
There has been positive sentiment among investors in the consumer discretionary - education services segment, with share prices up 5% on average over the last month. Lincoln Educational is up 9.7% during the same time and is heading into earnings with an average analyst price target of $44.80 (compared to the current share price of $44.81).
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