Universal Technical Institute beats Q1 revenue estimates, reiterates 2026 guidance

Universal Technical Institute

04/02/2026 21:11

Overview

Education provider's fiscal Q1 revenue rose 9.6%, beating analyst expectations

Net income fell due to strategic growth expenses

Company announced plans for new campus locations

Outlook

Company expects fiscal 2026 revenue between $905 mln and $915 mln

Universal Technical Institute anticipates fiscal 2026 reported adjusted EBITDA of $114 mln to $119 mln

Company projects total new student starts between 31,500 and 33,000 for fiscal 2026

Result Drivers

STUDENT ENROLLMENT - Average full-time active students increased by 7.2%, contributing to revenue growth

STRATEGIC GROWTH EXPENSES - Net income decreased due to $7.6 mln in strategic growth expenses

CAMPUS EXPANSION - Announced four new planned campus locations, pending regulatory approvals

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$220.84 mln
$216.88 mln (7 Analysts)
Q1 EPS
$0.23
Q1 Net Income
$12.83 mln
Q1 Adjusted EBITDA
$27.10 mln
Q1 Operating Income
$15.69 mln
Q1 Pretax Profit
$16.21 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 33.3% above its February 3 closing price of $28.51

The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 32 three months ago

Press Release: ID:nPn7Bck7Fa

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.)