Lincoln Educational Services (LINC) Misses Q4 EPS by 8c

Lincoln Educational Services (NASDAQ: LINC) reported Q4 EPS of $0.00, $0.08 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $50.3 million versus the consensus estimate of $47.66 million.

• Total Company Q4 Revenue of $72.6 Million; Total Company Full Year Revenue of $285.6 Million
• Q4 Revenue from Continuing Operations of $50.3 Million; $196.9 Million for Full Year
• Year-End Cash, Cash Equivalents and Restricted Cash of $47.7 Million
• Q4 Transportation and Skilled Trades Segment Net Income Up 14.9 % to $9.3 million ; Q4 Segment Student Starts Increase 2.3%
• Q4 Healthcare and Other Professions Segment (excluding closed schools) Student Starts Up 6.3%
• Provides Preliminary 2017 Outlook

The Company provided the following guidance for 2017:

• The Company expects to achieve operating income companywide including discontinued operations, with the exception of closed campuses.
• The Company expects to achieve low single digit revenue growth in the Transportation and Skilled Trades segment.
• In addition, the Company anticipates completing the teach-out of Northeast Philadelphia, Center City Philadelphia, and West Palm Beach campuses.

For earnings history and earnings-related data on Lincoln Educational Services (LINC) click here.

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