Oppenheimer Maintains an 'Outperform' on Lincoln Educational Services (LINC); Adjusting Numbers After Strong Q2
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Price: $9.97 +0.30%
Rating Summary:
5 Buy, 4 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
5 Buy, 4 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Oppenheimer maintains an 'Outperform' on Lincoln Educational Services (NASDAQ: LINC) price target of $7.50 (from $9.00).
Analyst, Scott Schneeberger, said, "LINC delivered 2Q12 adj'd EPS of -$0.14, which outperformed our est/consensus/guidance of -$0.18/-$0.16/-$0.18 to -$0.14. Revenue was slightly below expectations/guidance; however, -4.4% operating margin topped our est/consensus of -5.5%/-4.7% on expense management. 2Q12 +18% y/y starts topped our est/consensus of +12%/+8%, though 3Q12 start guidance of -10% y/y was below expectation primarily on the announced 2H12 closures of 7 campuses educating mainly "ability-to-benefit" (ATB) students. Although the campus closings reduce our 2012E EPS to $0.06 from $0.25, they're anticipated to be accretive to 2013E EPS by $0.21. We're tempering our 2013E EPS from $0.70 to $0.60."
For an analyst ratings summary and ratings history on Lincoln Educational Services click here. For more ratings news on Lincoln Educational Services click here.
Shares of Lincoln Educational Services closed at $3.55 yesterday.
Analyst, Scott Schneeberger, said, "LINC delivered 2Q12 adj'd EPS of -$0.14, which outperformed our est/consensus/guidance of -$0.18/-$0.16/-$0.18 to -$0.14. Revenue was slightly below expectations/guidance; however, -4.4% operating margin topped our est/consensus of -5.5%/-4.7% on expense management. 2Q12 +18% y/y starts topped our est/consensus of +12%/+8%, though 3Q12 start guidance of -10% y/y was below expectation primarily on the announced 2H12 closures of 7 campuses educating mainly "ability-to-benefit" (ATB) students. Although the campus closings reduce our 2012E EPS to $0.06 from $0.25, they're anticipated to be accretive to 2013E EPS by $0.21. We're tempering our 2013E EPS from $0.70 to $0.60."
For an analyst ratings summary and ratings history on Lincoln Educational Services click here. For more ratings news on Lincoln Educational Services click here.
Shares of Lincoln Educational Services closed at $3.55 yesterday.
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