NASDAQ$LINC
Lincoln Educational Services Corporation · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Lincoln Tech's Q2 2022 performance saw revenue increase, student starts rise, and strategic growth initiatives progress.
Lincoln Educational Services Corporation reported a 2.1% increase in revenue to $82.1 million and a 4.0% increase in student starts for Q2 2022. The company is executing its five-year growth strategy, including developing a new campus in Atlanta and forming corporate partnerships. However, student start growth was lower than anticipated due to macro-operating factors and the transition to a centralized financial aid support system.
- Revenue increased by 2.1% to $82.1 million compared to the prior year.
- Student starts increased by 4.0% year-over-year.
- A new campus in Atlanta, Georgia, is expected to open in Q3 2023, with projected annual revenue of $20 million.
- The company repurchased 414,963 shares of common stock for approximately $2.5 million.
Headline financials
Revenue & EPS history
Lincoln Tech · Revenue · Quarterly
$82.1M
Forward guidance
Lincoln is updating its 2022 full year guidance based on six-month results and current expectations regarding a lower level of start growth than previously anticipated.
Tailwinds
- Revenue in the range of $340 million to $350 million.
- Student start decline / growth in the range of -3% to 3%.
- Adjusted EBITDA in the range of $25 million to $30 million.
- Net income in the range of $10 million to $15 million.
- Capital expenditures in the range of $8.0 million to $11.0 million.
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 Q2 2022
+3.0%
Avg return
Earnings day
+6.4%
Avg return
5 days after
+9.6%
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% | +6.0% | |
| 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 2011 | -4.5% | — | — | |
| Q3 2010 | -4.5% | — | — | |
| Q4 2010 | -13.5% | — | — | |
| Q2 2011 | -13.5% | — | — | |
| Q2 2010 | -13.5% | — | — | |
| Q1 2010 | +1.1% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro