Overview
Education provider's fiscal Q1 revenue rose 9.6%, beating analyst expectations
Net income fell due to strategic growth expenses
Company announced plans for new campus locations
Outlook
Company expects fiscal 2026 revenue between $905 mln and $915 mln
Universal Technical Institute anticipates fiscal 2026 reported adjusted EBITDA of $114 mln to $119 mln
Company projects total new student starts between 31,500 and 33,000 for fiscal 2026
Result Drivers
STUDENT ENROLLMENT - Average full-time active students increased by 7.2%, contributing to revenue growth
STRATEGIC GROWTH EXPENSES - Net income decreased due to $7.6 mln in strategic growth expenses
CAMPUS EXPANSION - Announced four new planned campus locations, pending regulatory approvals
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Beat | $220.84 mln | $216.88 mln (7 Analysts) |
Q1 EPS | $0.23 | ||
Q1 Net Income | $12.83 mln | ||
Q1 Adjusted EBITDA | $27.10 mln | ||
Q1 Operating Income | $15.69 mln | ||
Q1 Pretax Profit | $16.21 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the professional & business education peer group is "buy"
Wall Street's median 12-month price target for Universal Technical Institute Inc is $38.00, about 33.3% above its February 3 closing price of $28.51
The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 32 three months ago
Press Release: ID:nPn7Bck7Fa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)