Lincoln Educational Raises Full-Year Guidance, Shares Hit All-Time High
Summary
Lincoln Educational Services has significantly raised its full-year revenue and earnings per share guidance, leading its shares to an all-time high. The company now projects full-year revenue between $590 million and $600 million, up from the previous $580 million to $590 million, and EPS of 74 cents to 83 cents, an increase from 64 cents to 74 cents. This positive revision follows a strong first quarter, where the company reported a profit of $4.36 million (14 cents per share) and revenue of $144 million, both surpassing analyst expectations. The boosted outlook, driven by a 20% increase in student starts, provides a clear positive signal to the market regarding the company's operational strength and future profitability.
At the time of this announcement, LINC was trading at $47.32 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $17.29 to $51.65. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.