Lincoln Educational Services Corporation (NASDAQ:LINC) is reporting third quarter financial results on Wednesday 11th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, LINC is expected to report 3Q20 income of $ 0.02 per share from revenue of $ 74.35 million.
For the full year, analysts anticipate top line of $ 283.90 million, while looking forward to income of $ 0.20 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 281.54 million ~ $ 287.01 million
Click Here For More Historical Outlooks Of Lincoln Educational Services Corporation
Previous Quarter Performance
Lincoln Educational Services Corporation unwinded income for the second quarter of $ 0.02 per share, from the revenue of $ 62.47 million. The quarterly revenues contracted 1.73 percent compared with the same quarter last year. Wall street analysts are predicting, LINC to report 2Q20 loss of $ 0.14 per share from revenue of $ 64.17 million. The bottom line results beat street analysts by $ 0.16 or 114.29 percent, at the same time, top line results fell short of analysts by $ 1.7 million or 2.65 percent.
Stock Performance
Shares of Lincoln Educational Services Corporation traded up $ 0.52 or 10.10 percent on Tuesday, reaching $ 5.67 with volume of 175.70 thousand shares. Lincoln Educational Services Corporation has traded high as $ 5.70 and has cracked $ 5.02 on the downward trend
The closing price of $ 5.67, representing a 217.90 % increase from the 52 week low of $ 1.62 and a 42.71 % decrease over the 52 week high of $ 8.99.
The company has a market capital of $ 149.74 million and is part of the Consumer Defensive sector and Education & Training Services industry.
Conference Call
Lincoln Educational Services Corporation will be hosting a conference call at 10:00 AM eastern time on 11th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.lincolntech.edu
Lincoln Educational Services Corporation, together with its subsidiaries, provides various career-oriented post-secondary education services to high school graduates and working adults in the United States. The company operates in three segments: Transportation and Skilled Trades; Healthcare and Other Professions; and Transitional. It offers associates degree, and diploma and certificate programs in automotive technology, skilled trades, healthcare services, hospitality services, and information technology areas.
