Legacy Education Q4 revenue slightly misses estimates on higher operating costs
Legacy Education Q4 revenue slightly misses estimates on higher operating costs
Overview
Career education provider's Q4 revenue grew 12% yr/yr, slightly missing analyst expectations
Q4 adjusted EBITDA met analyst estimates
Company says revenue growth driven by higher enrollments and full-year impact of CCMCC acquisition
Outlook
Company did not provide specific guidance for the upcoming quarter or fiscal year
Result Drivers
ENROLLMENT GAINS - Co said higher new student starts and increased student population drove revenue growth
CCMCC ACQUISITION - Co said full-year impact of CCMCC acquisition contributed to revenue growth
OPERATING COSTS - Co said increased instructional and staffing costs, as well as higher marketing and professional fees, were driven by higher enrollment
Company press release: ID:nPn31THvJa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Slight Miss* | $20.1 mln | $20.18 mln (3 Analysts) |
Q4 EPS |
| $0.13 |
|
Q4 Net Income |
| $1.9 mln |
|
Q4 Adjusted EBITDA | Meet | $3.1 mln | $3.1 mln (3 Analysts) |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the schools, colleges & universities peer group is "buy"
Wall Street's median 12-month price target for Legacy Education Inc is $14.50, about 40.6% above its September 23 closing price of $10.31
Reuters Recommended Reads
Sept 23 - US restaurant chain Cracker Barrel's Q4 revenue beats estimates
Sept 24 - Olive Garden owner Darden Q1 sales edge below estimates
Sept 23 - General Mills Q1 sales, profit beat estimates; reaffirms 2027 outlook
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)