Universal Technical Institute (UTI) Q3 Earnings and Revenues Beat Estimates

Core Insights - Universal Technical Institute (UTI) reported quarterly earnings of $0.19 per share, exceeding the Zacks Consensus Estimate of $0.12 per share, and up from $0.09 per share a year ago [1] - The company achieved an earnings surprise of +58.33% for the quarter, having previously reported earnings of $0.21 per share, which was a +75% surprise compared to expectations [2] - UTI's revenues for the quarter were $204.3 million, surpassing the Zacks Consensus Estimate by 1.82% and increasing from $177.46 million year-over-year [3] Financial Performance - UTI has consistently outperformed consensus EPS estimates over the last four quarters [2] - The company has also topped consensus revenue estimates in the same timeframe [3] - Year-to-date, UTI shares have increased by approximately 24.3%, compared to a 7.1% gain in the S&P 500 [4] Future Outlook - The company's earnings outlook is crucial for investors, with current consensus EPS estimates of $0.34 for the upcoming quarter and $1.06 for the current fiscal year [8] - The Zacks Rank for UTI is currently 3 (Hold), indicating expected performance in line with the market in the near future [7] - The Schools industry, to which UTI belongs, is ranked in the top 15% of over 250 Zacks industries, suggesting a favorable outlook [9] Industry Context - Adtalem Global Education, another company in the same industry, is expected to report quarterly earnings of $1.51 per share, reflecting a year-over-year increase of +10.2% [10] - Adtalem's anticipated revenues are projected to be $439.64 million, up 7.3% from the previous year [11]