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

Universal Technical Institute

09/05/2023 23:02

* Universal Technical Institute Inc  UTI.N  reported
quarterly
adjusted earnings of 4 cents​​ per share for the quarter ended
in March. The mean expectation of four analysts for the quarter
was for a loss of 3 cents per share.
    * Revenue rose 60.5% to $163.82 million from a year ago;
analysts
expected $153.80 million. 
    * Universal Technical Institute Inc's reported EPS for the
quarter
was 4 cents​.
    * The mean earnings estimate of analysts had fallen by
about 10%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Universal Technical Institute Inc shares had fallen
by 17.1%
this quarter and lost 8.9% so far this year.
    * The company reported quarterly net income of $1.4 million.
    * Wall Street's median 12-month price target for Universal
Technical Institute Inc is $10.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
9 at 10:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.03          0.04           Beat
                                  0.02           
 Sep. 30 2022      0.03           0.23           Beat
 Jun. 30 2022      -0.05          0.17           Beat