Legacy Education Inc. (LGCY)
XASE:LGCY
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Earnings Data
Report Date
Oct 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0.09Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a broadly positive operational and financial story: strong revenue growth (15% Q3, ~30% YTD), improving operating leverage (270 bps improvement in educational services), expanding student starts and healthy adjusted EBITDA growth, supported by strong liquidity and accreditations. Offsetting factors include higher G&A and upfront investments, state approval delays that temporarily limited enrollments, a slight increase in AR reserves, and execution/timing risks related to regulatory approvals and branch rollouts. Overall, the company is growing profitably and investing to scale, with manageable near-term headwinds tied to timing and investment cadence.Company Guidance
Q3 Revenue Growth
Revenue increased 15% year-over-year to $21.4M in Q3 (from $18.6M), driven by expanded program offerings, improved retention and stronger execution across campuses; sequential revenue also rose from $19.2M in Q2 to $21.4M in Q3.
Strong 9-Month Performance
For the first 9 months of FY2026, revenue grew 29.7% to $60.0M (from $46.2M); adjusted EBITDA for 9 months increased 22.3% to $10.5M (from $8.6M) and net income increased 15.1% to $7.3M (from $6.3M).
Improved Profitability and Margins
Q3 adjusted EBITDA rose 12.6% to $4.4M (from $3.9M) with an adjusted EBITDA margin of 20.6%; net income for Q3 increased 7.5% to $3.0M and diluted EPS rose 4.8% to $0.22.
Student Growth and Starts
Student population increased 9.4% year-over-year to 3,550 (from 3,245) in Q3, supported by 1,078 new student starts during the quarter; 9-month new student starts were up 12.7% to 2,788.
Operating Leverage in Academic Delivery
Educational services expense improved meaningfully: Q3 educational services expense fell to 51.7% of revenue from 54.4% a year ago (270 basis points improvement), indicating scalable delivery and operating leverage as enrollment grows.
Accreditations and Compliance Wins
Integrity College of Health (Pasadena) received a 6-year reaccreditation (maximum period) and Contra Costa Medical Career College received a 5-year reaccreditation, supporting institutional quality and regulatory standing.
Balance Sheet Strength and Liquidity
As of March 31, 2026, cash and equivalents were $21.7M, working capital $30.9M, and debt was minimal at $600k; operating cash flow remained positive at $2.9M, providing flexibility for organic growth and selective M&A.
Capacity Expansion and New Programs
Facility expansions and program rollouts: Lancaster added 6,000 sq ft (now ~32,000 sq ft total), Temecula secured 53,000 sq ft to be assumed in phases (5k now, 31k in June, 17k in Jan 2028); added new surgical tech cohorts (26 enrollments reported) and sterile processing cohorts (49 reported), with plans for MRI and cardiac sonography in Salinas in Q4.
Retention and Outcomes Improvement
Management reported further improvement in attrition/retention trends and strong placement outcomes across programs, reinforcing student success and program demand.
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 |
|---|---|---|---|
May 14, 2026 | $12.50 | $11.92 | -4.64% |
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% |
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 Oct 12, 2026, Before Open (Confirmed).
What is Legacy Education Inc. (LGCY) earnings time?
Legacy Education Inc. (LGCY) earnings time is at Oct 12, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is LGCY EPS forecast?
Currently, no data Available