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Legacy Education Inc. (LGCY)
:LGCY
Earnings Data
Report Date
May 14, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.17Last Year’s EPS
0.21Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized robust top-line growth (Q2 revenue +40.7%), strong margin and profitability expansion (substantial Adjusted EBITDA and EPS gains), program expansion, accreditation successes, and a solid balance sheet (cash $21.1M, low debt). Operational innovations (hybrid delivery, AI integration) and a healthy M&A pipeline further support the growth outlook. Headwinds noted were manageable: higher AR reserves due to timing, increased G&A and bad debt, some cost pressures (non-cash comp, excursion fees), and a modest rise in the effective tax rate. Overall, positives substantially outweigh the few operational and timing-related challenges.Company Guidance
Strong Revenue Growth
Q2 revenue increased 40.7% year-over-year to $19.2M, marking the company's fourteenth consecutive quarter of double-digit revenue growth. Year-to-date revenue grew 39.6% to $38.6M.
Margin Expansion and Profitability
Adjusted EBITDA rose materially (CFO reported +61.6% to $3.3M year-over-year for the quarter) with Adjusted EBITDA margin expanding to 15.8% from 13.7% a year ago. Q2 EBITDA increased 54.8% to $2.7M.
Net Income and EPS Improvement
Net income grew 46% year-over-year to $2.0M in Q2 and diluted EPS increased 50% to $0.15 from $0.10. For the six months ended 12/31/2025, net income rose 21.2% to $4.2M and diluted EPS was $0.30 (vs $0.29).
Enrollment and Student Starts Momentum
Ending student population increased 6.8% to 3,234. New student starts for the quarter rose 49.4% to 593 (YTD starts up 37.2% to 1,710), driving top-line growth.
Strong Balance Sheet and Cash Position
Cash of $21.1M, working capital in excess of $27.0M, minimal debt of $0.6M, and positive operating cash flow of $2.1M provide flexibility to invest and pursue M&A.
Program Expansion and Accreditation Wins
Launched MRI program (33 new starts); received accreditation approval for a fourth sterile processing program and began enrollments across four campuses; surgical technology and cardiac sonography programs rolling out; Integrity campus received a six-year reaccreditation (longest grant awarded). Contra Costa Medical Career College integration complete with enrollment topping 500.
Delivery Innovation and Faculty Investment
Hybrid delivery model introduced at Contra Costa enabling additional cohort starts; faculty invested focused development days and the company is integrating AI-enabled tools to support instruction, administrative efficiency, and consistent course design.
Active M&A Pipeline and Leadership Reinforcement
Management reports a robust acquisition pipeline (in-state and adjacent markets) with an intent to announce an accretive deal within the fiscal year; hired Joe Bartolome to oversee scalable operations and integrations.
LGCY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LGCY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | $10.04 | $11.55 | +15.04% |
Nov 13, 2025 | $8.43 | $9.46 | +12.22% |
Sep 25, 2025 | $12.32 | $9.99 | -18.91% |
May 15, 2025 | $7.78 | $9.08 | +16.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Legacy Education Inc. (LGCY) report earnings?
Legacy Education Inc. (LGCY) is schdueled to report earning on May 14, 2026, Before Open (Confirmed).
What is Legacy Education Inc. (LGCY) earnings time?
Legacy Education Inc. (LGCY) earnings time is at May 14, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LGCY EPS forecast?
LGCY EPS forecast for the fiscal quarter 2026 (Q3) is 0.17.