What's In The Offing For Lincoln (LINC) In Q3 Earnings?
Zacks Investment Research | Nov 04, 2019 11:28PM ET
Lincoln Educational Services Corporation’s (NASDAQ:LINC) third-quarter 2019 results are expected to reflect year-over-year increase in earnings and revenues, courtesy of successful execution of strategic initiatives. Its business has been navigating the stringent labor market by collaborating with various corporate partners to enhance student experience.
In the last reported quarter, the company’s top and bottom lines surpassed the Zacks Consensus Estimate by 1.8% and 25%, respectively. The upside was mainly attributable to successful execution of strategies and cost-saving initiatives. These tailwinds are likely to have added benefited its third-quarter earnings as well.
However, legal and regulatory issues faced by Lincoln and its peers like Laureate Education, Inc. (NASDAQ:LAUR) , Strategic Education Inc. (NASDAQ:STRA) and Career Education Corporation (NASDAQ:CECO) , along with increased competition and higher expenses for various programs might have pressurized margins.
Earnings & Revenue Expectation
The Zacks Consensus Estimate for Lincoln’s third-quarter earnings is pegged at 9 cents per share, implying 550% improvement from the year-ago reported loss of 2 cents. The consensus mark for revenues is $72.34 million, indicating growth of 3.2% from the year-ago quarter.
Lincoln Educational Services Corporation Price and EPS Surprise
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