Universal Technical Institute Inc reports results for the quarter ended in December - Earnings Summary

Universal Technical Institute

07/02/2024 23:38

* Universal Technical Institute Inc  UTI.N  reported
quarterly
adjusted earnings of 17 cents​​ per share for the quarter ended
in December, higher than the same quarter last year, when the
company reported EPS of 15 cents.  The mean expectation of
five analysts for the quarter was for earnings of 4 cents per
share. Wall Street expected results to range from zero cents
to 7 cents per share.
    * Revenue rose 45.6% to $174.70 million from a year ago;
analysts
expected $168.33 million. 
    * Universal Technical Institute Inc's reported EPS for the
quarter
was 17 cents​.
    * The company reported quarterly net income of $6.44
million.
    * Universal Technical Institute Inc shares had risen
by 17.7% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 25.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the professional
&
business education peer group is also "buy"

Wall Street's median 12-month price target for Universal
Technical Institute Inc is $16.00 
This summary was machine generated from LSEG data February 7 at
11:38 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.04           0.17           Beat
 Sep. 30 2023      0.06           0.10           Beat
 Jun. 30 2023      -0.10          -0.05          Beat
 Mar. 31 2023      -0.03          0.04           Beat