LINCOLN EDUCATIONAL SERVICES Announces Q3 Earnings Results for FY2023

🌥️Earnings Overview

On November 6 2023, LINCOLN EDUCATIONAL SERVICES ($NASDAQ:LINC) reported their earnings results for FY2023 Q3 (period ending September 30 2023). Their total revenue had increased by 8.5% year-over-year to USD 99.6 million; however, their net income for the quarter had decreased by 41.8% in comparison to the same period in the previous year, amounting to a total of USD 2.1 million.

Share Price

The stock opened at $9.9 and closed at $9.5, a rise of 8.8% from the previous closing price of 8.7. This announcement was met with positive sentiment from investors, suggesting that the company is continuing to make progress and improve its financial performance. Other highlights from the earnings results include improvements in cost of goods, operating expenses, and cash flow.

Overall, it appears that LINCOLN EDUCATIONAL SERVICES is making positive strides in their business and delivering strong financial results for the quarter. Investors should continue to monitor the company’s performance as they move forward into their next fiscal year and beyond. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for LINC. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for LINC. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for LINC. More…

Key Ratios Snapshot

Some of the financial key ratios for LINC are shown below. More…

Analysis

GoodWhale has conducted a thorough analysis of LINCOLN EDUCATIONAL SERVICES’s fundamentals. Our Star Chart rated LINCOLN EDUCATIONAL SERVICES as strong in profitability, medium in asset, growth and weak in dividend. We also calculated an intermediate health score of 6/10 for the company’s cash flows and debt, which suggests that LINCOLN EDUCATIONAL SERVICES could sustain its operations in times of crisis. Furthermore, we classified LINCOLN EDUCATIONAL SERVICES as a ‘rhino’, meaning a company that has achieved moderate revenue or earnings growth. We believe that this type of company would be of interest to investors who are looking for steady returns from their investments. More…

Peers

In the world of for-profit education, there is intense competition between the major players. Lincoln Educational Services Corp is one of the leading companies in this industry, and its competitors include National American University Holdings Inc, Adtalem Global Education Inc, and Graham Holdings Co. All of these companies are striving to provide the best education possible to their students, and they are constantly innovating and expanding in order to stay ahead of the competition.

– National American University Holdings Inc ($OTCPK:NAUH)

National American University Holdings Inc is a for-profit education company. It offers undergraduate and graduate degree programs in business, healthcare and information technology. The company has a market cap of 2.12M as of 2022 and a Return on Equity of -51.55%.

The company has been facing financial difficulties in recent years, which has led to its market cap and ROE declining. Despite this, the company remains committed to providing quality education to its students.

– Adtalem Global Education Inc ($NYSE:ATGE)

Adtalem Global Education Inc is a provider of educational services. The company operates through four segments: Medical and Healthcare, Professional Education, Technology and Business, and Graduate and Undergraduate Education. The Medical and Healthcare segment provides educational programs and services to students pursuing careers in the healthcare field. The Professional Education segment offers educational programs and services for students pursuing careers in the legal, business, and accounting fields. The Technology and Business segment provides educational programs and services for students pursuing careers in the information technology and business fields. The Graduate and Undergraduate Education segment offers educational programs and services for students pursuing undergraduate and graduate degrees.

Adtalem Global Education Inc has a market cap of 1.69B as of 2022. The company has a Return on Equity of 2.45%.

– Graham Holdings Co ($NYSE:GHC)

The Washington Post Company is an American media company, headquartered in Washington, D.C. The Post Company owns a variety of media businesses, including the Washington Post newspaper, Slate magazine, and Kaplan, Inc. The Post Company’s media properties reach a wide audience, with over 70 million unique visitors to its various websites each month.

The company has a market capitalization of $2.79 billion and a return on equity of 3.23%. The Washington Post Company’s media businesses provide it with a wide reach and a large audience. The company’s focus on quality journalism and its commitment to serving the public interest make it an important voice in the media landscape.

Summary

LINCOLN EDUCATIONAL SERVICES recently released its earnings report for the third quarter of FY2023, revealing total revenue of USD 99.6 million, an 8.5% year-over-year increase. Despite this, the reported net income for the quarter was USD 2.1 million, a drop of 41.8% from the prior year. Upon announcement of these results, the stock price moved up. Investors looking to invest in LINCOLN EDUCATIONAL SERVICES should consider this financial performance, noting the positive revenue growth along with the significant decrease in profits.

In addition, it is important to do further research to assess potential risks and rewards.