Lincoln Educational Up 9.05% To $9.52 After Earnings

Lincoln Educational (LINC) said before open Monday that it broke even in quarter three 2023.

In the same quarter a year ago, the company earned $0.1 per share on revenue of $91.8 million.

The stock is up 9.05% to $9.52 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.

Trading in the five days leading up to the report earned Lincoln Educational a Bullish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 80. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.

Lincoln Educational Services Corp provides diversified career-oriented post-secondary education to high school graduates and working adults. The company offers programs in automotive technology, skilled trades, healthcare services, hospitality services and business and information technology. Its business is organized into three reportable business segments: Transportation and Skilled Trades, Healthcare and Other Professions (HOPS), and Transitional. It derives most of the revenue from the Transportation and Skilled Trades segment which offers academic programs mainly in the career-oriented disciplines of transportation and skilled trades such as automotive, diesel, HVAC, welding, and manufacturing.