Universal Technical Institute Reports Fiscal Year 2021 First Quarter Results
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Universal Technical Institute (UTI) Misses Q1 EPS by 7c, Revenues Miss
February 4, 2021 4:45 PM ESTUniversal Technical Institute (NYSE: UTI) reported Q1 EPS of ($0.01), $0.07 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $76.13 million versus the consensus estimate of $81.1 million.
New student starts increased 20.9% from the prior year quarter.Average enrollments increased 1.8% during the quarter as compared to the prior year period.First quarter revenue of $76.1 million decreased 12.7% compared to the prior year quarter.Adjusted free cash flow* of $5.8 million for the quarter, compared to $7.0 million in the prior year quarter.Financial Results for the Three-Month Period Ended December 31, 2020... More
