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Lincoln Gains 33% in 3 Months: Here's What's Driving the Stock
ZACKS· 2024-12-30 16:17
Core Viewpoint - Lincoln Educational Services Corporation (LINC) has shown significant growth, with a 32.7% increase in stock price over the past three months, outperforming the Zacks Schools industry, the Zacks Consumer Discretionary sector, and the S&P 500 Index [1]. Financial Performance - The Zacks Consensus Estimate for LINC's 2025 earnings per share (EPS) has increased from 68 cents to 69 cents, indicating a year-over-year growth of 27.8%. The 2024 earnings estimates suggest a growth of 10.2% from the previous year. The company has exceeded earnings expectations in three of the last four quarters, with an average surprise of 226.8% [3]. - In the first nine months of 2024, LINC's revenues grew by 16.4% year-over-year to $320.7 million, while adjusted EBITDA reached $23.1 million, up from $10.8 million reported a year ago [16]. Growth Drivers - The hybrid teaching platform, Lincoln 10.0, is attracting interest due to its flexibility, allowing students to balance work and life while pursuing their education. The first phase of this platform was completed in Q3 2024, with plans to implement it in nursing programs [5]. - LINC is engaging in accretive corporate partnerships, such as new training programs with Hyundai and Genesis, aimed at enhancing students' skills relevant to the automotive industry. The company is also opening its third Tesla training center [6]. - Long-term growth targets set for 2027 include revenue growth to $550 million, adjusted EBITDA of $90 million with a margin of 16%, EPS of $1.35, net income of approximately $43 million, and cash from operations of about $65 million [7]. Student Engagement and Partnerships - The Lincoln 10.0 platform is expected to serve approximately 65% of students by the end of 2024, with plans to transition nursing programs by mid-2026, potentially reaching 80% of the student population [14]. - A five-year workforce development agreement with Container Maintenance Corporation is projected to generate around $6 million in revenue, highlighting the company's focus on corporate partnerships to drive student enrollment and revenue growth [15]. - In the first nine months of 2024, student starts increased by 16.6% year-over-year to 15,163, with the total student population rising by 13.3% [14].
Lincoln Educational Services Expands Footprint with Second Campus in New York
Globenewswire· 2024-12-16 19:38
Core Insights - Lincoln Educational Services Corporation has signed a lease for a new campus in Hicksville, New York, which will be its second campus in the state and the eleventh in the tri-state area, expected to commence operations in late 2026 [1][2][3] - The new 65,000 square-foot training center will focus on specialized career training in high-demand fields such as automotive, welding, HVAC, and electrical and electronics [2][3] - The demand for approximately 54,000 automotive technicians in New York by 2030 highlights the region's employment opportunities, aligning with the company's strategic growth plan [2][3] Company Overview - Lincoln Educational Services Corporation has been a leader in specialized technical training for over 75 years, providing career-oriented programs in various fields including automotive technology, health sciences, skilled trades, business and information technology, and hospitality services [4] - The company currently operates 22 campuses across 14 states, demonstrating its extensive reach and commitment to workforce development [4]
Are You Looking for a Top Momentum Pick? Why Lincoln Educational Services Corporation (LINC) is a Great Choice
ZACKS· 2024-11-25 18:01
Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the strategy of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps investors identify effective momentum metrics, addressing the challenges in defining momentum [2] Group 2: Lincoln Educational Services Corporation (LINC) Analysis - Lincoln Educational Services Corporation currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [3][4] - LINC shares have increased by 6.32% over the past week, outperforming the Zacks Schools industry, which rose by 2.38% during the same period [7] - Over the last quarter, LINC shares have gained 29.72%, and over the past year, they have increased by 67.36%, significantly outperforming the S&P 500's gains of 7.42% and 32.55%, respectively [8] Group 3: Trading Volume and Earnings Outlook - LINC's average 20-day trading volume is 132,505 shares, which serves as a bullish indicator when combined with rising stock prices [9] - In the past two months, one earnings estimate for LINC has increased, raising the consensus estimate from $0.51 to $0.54, with no downward revisions noted [11] - Given these positive indicators, LINC is positioned as a promising investment opportunity for near-term gains [12]
Lincoln Educational Services to Meet Analysts and Institutional Investors at the Southwest IDEAS Investor Conference
GlobeNewswire News Room· 2024-11-14 17:34
Core Insights - Lincoln Educational Services Corporation is participating in the 16th Annual Southwest IDEAS Investor Conference on November 21 and 22, 2024, where the President and CEO will present the company's recent performance and growth strategies [1][2]. Financial Performance - In the third quarter, the company reported a revenue growth of 15%, with student starts increasing by 21.1%, and adjusted EBITDA rising by 67% compared to the same quarter last year [2][3]. Growth Strategy - The company is focusing on key growth initiatives such as new campus development and program replication at existing campuses, which are contributing to its strong performance [3]. - There is a growing interest in skilled trades training as an alternative to traditional four-year college education, which is positively impacting the company's growth trajectory [3]. Company Overview - Lincoln Educational Services Corporation has been a leader in specialized technical training for over 75 years, offering career-oriented programs in areas such as automotive technology, health sciences, skilled trades, business and information technology, and hospitality services [4]. - The company operates 22 campuses across 13 states under various brand names, providing solutions to America's skills gap [4].
Surging Earnings Estimates Signal Upside for Lincoln Educational Services (LINC) Stock
ZACKS· 2024-11-13 18:26
Core Viewpoint - Lincoln Educational Services Corporation (LINC) shows a significantly improving earnings outlook, making it a potentially solid investment choice as analysts continue to raise earnings estimates for the company [1][2]. Estimate Revisions - The upward trend in earnings estimate revisions indicates growing analyst optimism regarding Lincoln Educational Services' earnings prospects, which is expected to positively influence its stock price [2]. - For the current quarter, the earnings estimate is $0.29 per share, reflecting a decrease of 9.38% compared to the previous year. However, the Zacks Consensus Estimate has increased by 16% over the last 30 days due to one upward revision and no negative revisions [4]. - For the full year, the earnings estimate stands at $0.54 per share, representing a 10.2% increase from the previous year. The consensus estimate has risen by 5.88% in the past month, with one upward revision and no negative revisions [5]. Zacks Rank - Lincoln Educational Services has achieved a Zacks Rank of 2 (Buy), indicating favorable estimate revisions that suggest strong potential for outperformance compared to the S&P 500 [6]. - The Zacks Rank system has a proven track record, with Zacks 1 (Strong Buy) stocks averaging an annual return of +25% since 2008, highlighting the effectiveness of this rating tool [3][6]. Stock Performance - Over the past four weeks, Lincoln Educational Services shares have increased by 35.3%, indicating investor confidence in the company's earnings growth prospects driven by positive estimate revisions [7].
Here's Why Momentum in Lincoln Educational Services (LINC) Should Keep going
ZACKS· 2024-11-13 14:50
Core Viewpoint - The article emphasizes the importance of timing and sustainability in stock trends for successful short-term investing, highlighting that sound fundamentals and positive earnings revisions are crucial for maintaining momentum in stock prices [1][2]. Group 1: Stock Performance - Lincoln Educational Services Corporation (LINC) has shown a solid price increase of 44.3% over the past 12 weeks, indicating strong investor interest [4]. - The stock has also increased by 35.3% in the last four weeks, suggesting that the upward trend is still intact [5]. - LINC is currently trading at 81.5% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - LINC holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks like LINC that are on an uptrend supported by strong fundamentals [3]. - The article suggests that investors should consider other stocks that meet similar criteria and explore various Zacks Premium Screens tailored to different investing styles [8].
Lincoln's Q3 Earnings Miss, Revenues Beat, Starts & Population Up Y/Y
ZACKS· 2024-11-12 17:00
Lincoln Educational Services Corporation (LINC) reported mixed results for third-quarter 2024. Its earnings missed the Zacks Consensus Estimate, but revenues topped the same.Nonetheless, both metrics increased year over year, driven by a 10.6% increase in the average student population. This uptick resulted from four consecutive quarters of double-digit start growth and the recently opened East Point, GA campus, which generated $3.4 million in revenues in the third quarter.Stay up-to-date with all quarterly ...
Lincoln Educational Services Corporation (LINC) Q3 Earnings Miss Estimates
ZACKS· 2024-11-11 15:15
Lincoln Educational Services Corporation (LINC) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -7.14%. A quarter ago, it was expected that this company would post a loss of $0.01 per share when it actually produced earnings of $0.06, delivering a surprise of 700%.Over the last four q ...
Lincoln Tech and Johnson Controls Partnership Delivers Over 500 Skilled Building Trade Hires Nationwide Since 2018
GlobeNewswire News Room· 2024-11-07 18:00
PARSIPPANY, NJ – November 7, 2024, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ: LINC), a national leader in specialized technical training for more than 75 years, has announced that its partnership with Johnson Controls has resulted in more than 500 job placements for skilled building trade graduates since 2018. At a recent series of recruiting events, more than 100 Lincoln Tech students received job offers from Johnson Controls, the global leader in smart, healthy and ...
Lincoln Educational Services Corporation Schedules Third Quarter Earnings Release and Conference Call
GlobeNewswire News Room· 2024-10-29 17:25
PARSIPPANY, N.J., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) ("Lincoln") announced today that it will host a conference call to discuss its third quarter financial results on Monday, November 11, 2024 at 10:00 a.m. Eastern time. A news release outlining Lincoln's results will be issued before 9:30 a.m. Eastern time on that day. To access the live webcast of the conference call, please go to the investor relations section of Lincoln's website at http://www.linco ...