Lincoln Educational Services Corp reports results for the quarter ended March 31 - Earnings Summary

• Lincoln Educational Services Corp LINC.OQ reported quarterly adjusted earnings of 6 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -1 cents. The mean expectation of four analysts for the quarter was for a loss of 4 cents per share. Wall Street expected results to range from -6 cents to -3 cents per share.

• Revenue rose 13.7% to $117.51 million from a year ago; analysts expected $114.54 million.

• Lincoln Educational Services Corp's reported EPS for the quarter was 6 cents​.

• The company reported quarterly net income of $1.94 million.

• Lincoln Educational Services Corp shares had risen by 31.8% this quarter and gained 32.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 138.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the professional & business education peer group is also "buy"

• Wall Street's median 12-month price target for Lincoln Educational Services Corp is $22.50

This summary was machine generated from LSEG data May 12 at 02:10 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)