NASDAQ$LINC
Lincoln Educational Services Corporation · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Lincoln Tech experienced revenue growth and improved profitability despite COVID-19 challenges.
Lincoln Tech reported a strong start to 2020 with a 10.7% increase in first-quarter revenue, driven by a higher beginning student population. The company successfully transitioned to a distance learning platform and saw a decrease in net loss per share. However, full-year 2020 guidance was withdrawn due to uncertainties caused by the COVID-19 pandemic.
- Revenue increased by 10.7% compared to the previous year.
- Average student population rose by 6.6%.
- Net loss decreased to $0.08 per share from $0.22 per share.
- Company successfully transitioned to distance learning delivery platform.
Headline financials
Revenue & EPS history
Lincoln Tech · Revenue · Quarterly
$70M
Forward guidance
Due to the COVID-19 pandemic and the complex public health and economic landscape, Lincoln is withdrawing its full-year 2020 guidance.
Tailwinds
- Seven campuses are set to re-open by June 1st.
- April student starts rose by approximately 850, a 30% increase from April 2019.
- Accrediting bodies provided temporary solutions enabling students to continue studies and graduate on time.
- New practices to serve and educate students should enhance the student experience cost-efficiently.
- A grant of approximately $27.4 million was awarded to help ensure the continued education of its students.
Headwinds
- Full year 2020 guidance withdrawn due to uncertainty created by COVID-19.
- Student starts declined 5.0% due to the onset of the COVID-19 pandemic in March.
- Limited visibility into the timing of all campuses’ reopening.
- COVID-19 pandemic and the complex and evolving public health and economic landscape
- Company incurred costs associated with COVID-19 of approximately $0.7 million in the quarter
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2020
+3.0%
Avg return
Earnings day
+6.4%
Avg return
5 days after
+9.7%
Avg return
30 days after
60%
39 / 65 earnings
Positive
+61.0%
Q3 2015
Best reaction
-25.7%
Q2 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +10.5% | +9.6% | — | |
| Q4 2025 | +4.0% | +20.8% | +38.7% | |
| Q3 2025 | +12.9% | +17.2% | +25.6% | |
| Q1 2025 | +1.9% | +3.7% | +3.4% | |
| Q4 2024 | +15.3% | +14.0% | -3.0% | |
| Q3 2024 | +4.3% | -6.2% | +0.9% | |
| Q2 2024 | +2.8% | +1.9% | -2.1% | |
| Q1 2024 | +7.3% | +9.5% | -1.1% | |
| Q4 2023 | +4.4% | +2.7% | +6.6% | |
| Q3 2023 | +6.4% | +11.5% | +7.1% | |
| Q2 2023 | +24.0% | +22.2% | +17.5% | |
| Q1 2023 | +3.1% | +12.6% | +17.6% | |
| Q4 2022 | -2.7% | +3.0% | -6.5% | |
| Q3 2022 | +14.3% | +10.6% | +5.9% | |
| Q2 2022 | -13.0% | -15.7% | -12.4% | |
| Q1 2022 | -15.6% | -19.0% | -5.4% | |
| Q4 2021 | +0.8% | -0.8% | -5.0% | |
| Q3 2021 | +3.7% | +3.7% | +9.4% | |
| Q2 2021 | -6.9% | -3.2% | -14.9% | |
| Q1 2021 | +3.7% | +4.4% | +8.7% | |
| Q4 2020 | -1.3% | -1.2% | +7.6% | |
| Q3 2020 | +6.7% | +9.2% | +10.4% | |
| Q2 2020 | +25.5% | +41.0% | +29.6% | |
| Q1 2020 | +9.8% | +9.0% | +65.9% | |
| Q4 2019 | +14.9% | +15.4% | -5.0% | |
| Q3 2019 | -7.2% | +1.1% | +32.6% | |
| Q2 2019 | -7.0% | +1.1% | +15.6% | |
| Q1 2019 | +4.6% | -5.9% | -12.5% | |
| Q4 2018 | -0.9% | -8.7% | -3.4% | |
| Q3 2018 | +11.5% | +10.7% | +8.6% | |
| Q2 2018 | +22.2% | +17.2% | +26.1% | |
| Q1 2018 | -7.4% | -11.8% | -10.8% | |
| Q4 2017 | +25.0% | +20.4% | +30.9% | |
| Q3 2017 | +11.7% | +11.3% | +3.8% | |
| Q2 2017 | -3.9% | -11.4% | -19.0% | |
| Q1 2017 | +6.3% | +15.7% | +19.9% | |
| Q4 2016 | +15.5% | +19.3% | +50.3% | |
| Q3 2016 | +4.4% | +9.4% | +26.9% | |
| Q2 2016 | -5.3% | +4.3% | +0.5% | |
| Q1 2016 | -0.5% | — | — | |
| Q4 2015 | +6.7% | — | — | |
| Q3 2015 | +61.0% | — | — | |
| Q2 2015 | -25.7% | — | — | |
| Q1 2015 | -3.0% | — | — | |
| Q4 2014 | -2.5% | — | — | |
| Q3 2014 | +13.9% | — | — | |
| Q2 2014 | -25.6% | — | — | |
| Q1 2014 | +3.3% | — | — | |
| Q4 2013 | -2.0% | — | — | |
| Q3 2013 | +6.6% | — | — | |
| Q2 2013 | -4.0% | — | — | |
| Q1 2013 | +9.2% | — | — | |
| Q4 2011 | +4.3% | — | — | |
| Q4 2012 | +1.2% | — | — | |
| Q3 2012 | +12.4% | — | — | |
| Q2 2012 | -17.9% | — | — | |
| Q1 2011 | -2.1% | — | — | |
| Q1 2012 | +0.0% | — | — | |
| Q4 2009 | +2.5% | — | — | |
| Q3 2010 | -4.5% | — | — | |
| Q3 2011 | -4.5% | — | — | |
| Q2 2010 | -13.5% | — | — | |
| Q4 2010 | -13.5% | — | — | |
| Q2 2011 | -13.5% | — | — | |
| Q1 2010 | +1.1% | — | — |
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