Universal Technical Q3 adjusted EPS down; co lowers FY guidance

Universal Technical Institute

05/08/2026 21:43

Overview
US workforce education firm's fiscal Q3 revenue grew 7%, a slight miss versus analyst expectations
Adjusted EPS for fiscal Q3 was $0.04, with net income and EBITDA down on higher growth expenses
Company lowered FY 2026 revenue, net income, EPS, and adjusted EBITDA guidance
Shares of the company were down about 10% in extended trading

Outlook
Company lowers FY 2026 revenue outlook to $893 mln-$900 mln from $905 mln-$915 mln
FY 2026 net income forecast cut to $32 mln-$36 mln from $40 mln-$45 mln
Company sees FY 2026 adjusted EBITDA at $100 mln-$103 mln, down from $114 mln-$119 mln prior

Result Drivers
NEW CAMPUS LAUNCHES - Co said strong new student start growth was driven by momentum at recently launched campuses, including UTI-Atlanta and UTI-San Antonio
STRATEGIC GROWTH EXPENSES - Increased operating expenses and lower net income were attributed to investments in new campus launches and program expansions
SKILLED TRADES DEMAND - Co said student demand is shifting toward skilled trades faster than anticipated, driving outperformance across newer campuses and programs

Company press release: ID:nPn2GS0Nma

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Miss*
$218.91 mln
$219.89 mln (6 Analysts)
Q3 EPS
 
$0.04
 
Q3 Net Income
 
$2.28 mln
 
Q3 Adjusted EBITDA
 
$18.20 mln
 
Q3 Operating Income
 
$3.25 mln
 
Q3 Pretax Profit
 
$3.10 mln
 
*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 6 "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 $43.50, about 3% above its August 4 closing price of $42.23
The stock recently traded at 51 times the next 12-month earnings vs. a P/E of 42 three months ago

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(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.)