Overview
Career education provider's fiscal Q2 revenue rose 40.7%, beating analysts' expectations
Adjusted EBITDA beat estimates
Company saw a 49.4% increase in new student starts, boosting revenue
Outlook
Legacy Education sees continued growth potential as it scales its healthcare education platform
Company anticipates further demand acceleration for healthcare programs
Result Drivers
ENROLLMENT GAINS - Legacy Education reported a 49.4% increase in new student starts, driving revenue growth
HEALTHCARE PROGRAM DEMAND - CEO LeeAnn Rohmann stated that demand for healthcare programs continues to accelerate
EXPENSE INCREASES - Educational services and general administrative expenses rose due to increased staffing and marketing
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $19.20 mln | $17.56 mln (3 Analysts) |
Q2 EPS | $0.15 | ||
Q2 Net Income | $2 mln | ||
Q2 Adjusted EBITDA | Beat | $3 mln | $2.64 mln (3 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the schools, colleges & universities peer group is "buy"
Wall Street's median 12-month price target for Legacy Education Inc is $13.00, about 23.8% above its February 11 closing price of $10.50
Press Release: ID:nPn24fwtSa
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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.)