Lincoln Educational Services Corp. (LINC)
NASDAQ:LINC
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Earnings Data
Report Date
Aug 10, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.02Last Year’s EPS
0.09Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple strong operational and financial wins: robust student start growth (+19.5%), double-digit revenue growth (+22.5% to $144M), large adjusted EBITDA improvement (+84.7% to $15.5M), positive operating cash flow for the first time in years, and an upward revision to full-year guidance (revenue $590M–$600M; adjusted EBITDA $76M–$80M). Headwinds include higher operating expenses and planned new campus losses (Q1 new campus losses $2.8M; ~$10M expected for 2026), recurring incremental costs for books/laptops (~$750k/quarter), elevated SG&A as a percent of revenue, and modest health care program recovery. Overall, the positive revenue, profitability, cash flow, and liquidity developments outweigh the manageable near-term costs and execution risks.Company Guidance
Strong Student Start Growth
Student starts increased 19.5% in Q1 (more than 5,500 new students across 22 campuses); ending population rose ~2,800 students, ~18% higher year-over-year. About half of the start growth was organic (from campuses/programs opened before 2025).
Revenue Acceleration
Revenue grew 22.5% year-over-year to $144.0 million, marking three consecutive quarters of double-digit revenue growth. Growth was driven by an 18.2% increase in average student population and a 3.6% increase in revenue per student.
Profitability and Margin Expansion
Adjusted EBITDA increased 84.7% to $15.5 million; total margin expanded to nearly 11% from 7% a year ago. Incremental EBITDA margin on the quarter was ~27% (roughly 40% excluding new campuses).
Net Income and EPS Improvement
Net income more than doubled to $4.4 million; diluted EPS of $0.14 based on ~31.3 million diluted shares outstanding.
Positive Operating Cash Flow and Liquidity Enhancement
Generated positive cash flow from operations of $4.6 million in Q1 vs. a use of $8.4 million in the prior year period (a $13 million improvement). Subsequent amendment increased revolving credit line from $60 million to $125 million, enhancing financial flexibility; company reported $72 million total liquidity at quarter end (including $16.7 million cash).
Raised Full-Year 2026 Guidance
Updated guidance: revenue $590M–$600M, adjusted EBITDA $76M–$80M, net income $23M–$26M, diluted EPS $0.74–$0.83, and student start growth 10%–14%. Management views $600M revenue as a growing possibility.
Operating and Programmatic Wins
Transportation/skilled trades (≈80% of population) grew starts nearly 24%; health care starts turned positive (+5%) driven by paramus nursing reenrollment. New program expansions (e.g., electrical in South Plainfield) and hybrid 'Lincoln 10.0' teaching model drove instructional and space efficiencies and improved retention/graduation outcomes.
LINC 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
LINC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 23, 2026 | $29.99 | $33.04 | +10.17% |
Nov 10, 2025 | $17.80 | $20.08 | +12.81% |
Aug 11, 2025 | $23.75 | $20.17 | -15.07% |
May 12, 2025 | $20.92 | $21.32 | +1.91% |
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 Lincoln Educational Services Corp. (LINC) report earnings?
Lincoln Educational Services Corp. (LINC) is schdueled to report earning on Aug 10, 2026, Before Open (Confirmed).
What is Lincoln Educational Services Corp. (LINC) earnings time?
Lincoln Educational Services Corp. (LINC) earnings time is at Aug 10, 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 LINC EPS forecast?
LINC EPS forecast for the fiscal quarter 2026 (Q2) is 0.02.