Parsippany, NJ, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ: LINC), a national leader in specialized technical training for more than 75 years, has announced the introduction of Air Conditioning, Refrigeration and Heating Systems (HVAC) Technology and Electrical and Electronic Systems Technology (EEST) career training programs at its Moorestown, NJ campus. For more than 10 years, the Moorestown campus – serving students and employers throughout the TrentonCamden corri ...

Core Insights - The U.S. education industry is experiencing growth driven by e-books, online learning, demand for healthcare professionals, new technologies, hybrid teaching platforms, and strategic acquisitions [1][2] - Challenges include increased advertising and marketing expenses, costs of online education, and threats from generative AI [1][8] Industry Overview - The Zacks Schools industry consists of for-profit education companies offering various programs in finance, healthcare, technology, and more [3] - Companies also provide child-care services and career-oriented post-secondary courses, including fitness-related programs [3] Trends Impacting the Industry - Rising demand for online education and healthcare professionals is benefiting for-profit education stocks, with companies focusing on innovative teaching platforms [4][5] - Cost-saving efforts, increased technology use, and new program introductions are aimed at boosting profitability [6] - The Federal Reserve's rate increases are making debt offerings more expensive, impacting student loans [7] Competitive Landscape - Generative AI poses a threat to customer growth rates for educational companies, potentially disrupting traditional business models [8] - The industry is facing inflation, stagnant traditional campus enrollment growth, and potential economic slowdowns affecting job availability for graduates [8] Industry Performance - The Zacks Schools industry ranks 56, placing it in the top 22% of over 250 Zacks industries, indicating strong near-term prospects [9][10] - The industry's earnings estimates for 2024 have increased to $1.10 per share from $1.09, reflecting growing analyst confidence [11] Stock Performance - The Zacks Schools industry has outperformed the broader Zacks Consumer Discretionary sector with a 13.9% increase compared to the sector's 4.7% rise over the past year [13] - The industry is currently trading at a forward P/E ratio of 18.5X, lower than the S&P 500's 20.7X [15] Notable Companies - **Stride, Inc. (LRN)**: Gained 79.5% over the past year, with expected earnings growth of 7.7% for fiscal 2025 [17][18] - **Grand Canyon Education, Inc. (LOPE)**: Stock increased by 21.6% over the past year, with a projected earnings growth of 13.4% for 2024 [19][20] - **Lincoln Educational Services Corporation (LINC)**: Stock rose 33.4% over the past year, with expected earnings growth of 4.1% for 2024 [23][24]

Investors interested in Schools stocks are likely familiar with Lincoln Educational Services Corporation (LINC) and Universal Technical Institute (UTI) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on ...

PARSIPPANY, N.J., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (Nasdaq: LINC) (the "Company"), a national leader in specialized technical training for more than 75 years, today announced that Scott Shaw, President and CEO, will be participating at the 17th Annual Barrington Research Virtual Fall Investment Conference, being held on Thursday, September 12th, 2024. Investors should reach out to their Barrington sales representatives or contact mpolyviou@evcgroup.com to schedule ...

For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Lincoln Educational Services Corporation (LINC) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question. Lincoln Educational Services Corporation is a member of the Consumer Discretionary sector. This group includes 279 individu ...

Investors interested in Schools stocks are likely familiar with Lincoln Educational Services Corporation (LINC) and Universal Technical Institute (UTI) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and est ...

For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Lincoln Educational Services Corporation (LINC) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question. Lincoln Educational Services Corporation is a member of our Consumer Discretionary group, which includes 280 different comp ...

Lincoln Educational Services Corporation (LINC) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 700%. A quarter ago, it was expected that this company would post earnings of $0.02 per share when it actually produced earnings of $0.06, delivering a surprise of 200%. Over the ...

Financial Performance - Revenue for Q2 2024 increased by 16.1% to $102.9 million, driven by a 12.3% rise in student starts and an 11.7% increase in average student population [1][3][26] - Adjusted EBITDA more than doubled to $6.2 million, reflecting a significant operational improvement [1][2][5] - The company reported a net loss of $700,000 for the quarter, compared to a net income of $17.25 million in the same period last year [1][24] Operational Highlights - Student starts rose by 12.3%, with the total student population at quarter-end increasing by 11.4% [1][26] - The new campus in East Point, Georgia, opened in March 2024, exceeding initial student start forecasts for the full year [2][9] - Ongoing campus relocations in Nashville, Tennessee, and Levittown, Pennsylvania, are expected to open in the first half of 2025, with a new campus in Houston, Texas, anticipated by the end of 2025 [2][9] Strategic Outlook - The company raised its full-year revenue outlook and increased the lower end of its adjusted EBITDA, adjusted net income, and student starts guidance [1][9] - Capital expenditures guidance was reduced due to timing, with a focus on new campus developments and program expansions [9][10] - The company is actively developing corporate partnerships to enhance workforce development programs [2][9] Segment Performance - Campus Operations segment revenue increased by 16.7% to $102.9 million, with adjusted EBITDA rising by 52.9% to $15.8 million [5][29] - The Transitional segment reported no revenue, as the Somerville campus teach-out was completed in Q4 2023 [6][29] Financial Guidance - For the full year 2024, the company projects revenue between $423 million and $430 million, adjusted EBITDA between $39 million and $42 million, and adjusted net income between $14 million and $17 million [9][10] - The guidance reflects a strong performance in the first half of 2024 and an optimistic outlook for the remainder of the year [9][10]

To access the live webcast of the conference call, please go to the investor relations section of Lincoln's website at http://www.lincolntech.edu. Participants may also register via teleconference at: Q2 2024 Lincoln Educational Services Earnings Conference Call. Once registration is completed, participants will be provided with a dial-in number containing a personalized PIN to access the call. Participants are requested to register a day in advance or at a minimum 15 minutes before the start of the call. A ...