Overview
Universal Technical Institute fiscal Q3 revenue grows 15.1%, beating analyst expectations
Adjusted EBITDA for fiscal Q3 rises 37.3%, surpassing estimates
Company raises lower end of fiscal 2025 guidance for revenue and new student starts
Outlook
Company raises fiscal 2025 revenue guidance to $830 mln - $835 mln
Company increases fiscal 2025 new student starts guidance to 29,500 - 30,000
Company plans accelerated growth for Concorde programs next fiscal year
Result Drivers
STUDENT GROWTH - Revenue increase driven by 12.7% growth in average full-time active students
EXPANSION INVESTMENTS - Increased operating expenses due to new campus launches and program expansions
FAVORABLE ENVIRONMENT - Regulatory environment supports growth, aiding in lifting restrictions on Concorde division
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$204.30 mln
$200 mln (7 Analysts)
Q3 EPS
$0.19
Q3 Net Income
$10.66 mln
Q3 Adjusted EBITDA
Beat
$25.30 mln
$21.50 mln (7 Analysts)
Q3 Operating Income
$14.15 mln
Q3 Pretax Profit
$14.35 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the professional & business education peer group is "buy"
Wall Street's median 12-month price target for Universal Technical Institute Inc is $38.00, about 15.9% above its August 5 closing price of $31.95
The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 27 three months ago
Press Release: ID:nPn6XQr7ya
(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.)