Lincoln Educational Services Corp reports results for the quarter ended June 30 - Earnings Summary

• Lincoln Educational Services Corp LINC.OQ reported quarterly adjusted earnings of 5 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -2 cents. The mean expectation of six analysts for the quarter was for a loss of one cent per share. Wall Street expected results to range from -6 cents to 5 cents per share.

• Revenue rose 13.2% to $116.47 million from a year ago; analysts expected $115.12 million.

• Lincoln Educational Services Corp's reported EPS for the quarter was 5 cents​.

• The company reported quarterly net income of $1.55 million.

• Lincoln Educational Services Corp shares had risen by 3.0% this quarter and gained 50.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 57.6% 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 6 "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 $26.00, about 8.7% above its last closing price of $23.75

This summary was machine generated from LSEG data August 11 at 01:31 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)