NYSE$UTI
Universal Technical Institut · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported exceptionally strong double-digit growth across key operating metrics and returned to profitability.
Universal Technical Institute reported a strong third quarter with a 53.8% increase in revenue to $83.8 million compared to the prior year quarter. The company returned to profitability with a net income of $3.0 million, compared to a net loss of $13.3 million in the same quarter last year. Management reaffirmed fiscal year 2021 guidance due to strong front-end demand and ongoing operating improvements.
- New student starts increased 38.8% from the prior year quarter.
- Average active students increased 19.1% from the prior year quarter.
- Revenue increased 53.8% to $83.8 million compared to the prior year quarter.
- Net income was $3.0 million compared to a net loss of $13.3 million.
Headline financials
Revenue & EPS history
UTI · Revenue · Quarterly
$83.8M
Revenue by segment
UTI · $153M total across 2 segments · Q3 2023
- UTI$101M—65.8%
- Concorde$52.4M—34.2%
Forward guidance
The company positions to meet fiscal year guidance, prepares for new campus launches next year and is optimistic about the timing regarding their pending acquisition of the MIAT College of Technology.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
-1.1%
Avg return
Earnings day
+2.1%
Avg return
5 days after
+3.7%
Avg return
30 days after
51%
33 / 65 earnings
Positive
+18.4%
Q4 2024
Best reaction
-29.4%
Q4 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -8.7% | +1.9% | +17.8% | |
| Q1 2026 | -11.2% | -2.8% | +25.6% | |
| Q4 2025 | -20.9% | -22.3% | -10.9% | |
| Q2 2025 | +10.4% | +6.9% | +19.4% | |
| Q1 2025 | +2.0% | +0.6% | -9.5% | |
| Q4 2024 | +18.4% | +30.1% | +26.8% | |
| Q3 2024 | -1.9% | -1.1% | -4.1% | |
| Q2 2024 | -8.7% | -9.9% | -13.3% | |
| Q1 2024 | +10.0% | +8.2% | -1.4% | |
| Q4 2023 | +13.8% | +13.4% | +11.4% | |
| Q3 2023 | +1.4% | +7.9% | +2.9% | |
| Q2 2023 | -3.1% | -4.6% | +12.6% | |
| Q1 2023 | -2.3% | +3.4% | -8.0% | |
| Q4 2022 | -15.9% | -9.0% | -4.5% | |
| Q3 2022 | -12.3% | -15.4% | -17.2% | |
| Q2 2022 | -3.7% | -16.6% | -11.5% | |
| Q1 2022 | +0.4% | +18.2% | +15.8% | |
| Q4 2021 | +5.0% | +22.5% | +5.1% | |
| Q3 2021 | +16.9% | +15.3% | +14.3% | |
| Q2 2021 | +2.3% | +5.3% | +6.6% | |
| Q1 2021 | -0.2% | -0.6% | -2.7% | |
| Q4 2020 | +1.6% | +6.8% | +11.8% | |
| Q3 2020 | +0.1% | +0.0% | -18.3% | |
| Q2 2020 | +9.5% | -5.1% | +13.6% | |
| Q1 2020 | +8.7% | +18.4% | -11.3% | |
| Q4 2019 | +13.8% | +24.2% | +31.3% | |
| Q3 2019 | +3.7% | -3.2% | +25.9% | |
| Q2 2019 | +0.0% | +4.5% | +2.4% | |
| Q1 2019 | -0.9% | +0.9% | -2.6% | |
| Q4 2018 | +16.2% | +13.4% | +33.2% | |
| Q3 2018 | -13.1% | -15.6% | -15.3% | |
| Q2 2018 | -0.3% | -1.9% | +0.6% | |
| Q1 2018 | +7.9% | +2.8% | +1.2% | |
| Q4 2017 | -21.4% | -21.9% | -34.2% | |
| Q3 2017 | +1.5% | -3.3% | -4.1% | |
| Q2 2017 | +3.1% | +3.1% | +2.2% | |
| Q1 2017 | +1.5% | +2.1% | +0.0% | |
| Q4 2016 | +5.0% | +9.6% | +28.9% | |
| Q3 2016 | -1.7% | -3.9% | +2.6% | |
| Q2 2016 | -9.2% | — | — | |
| Q1 2016 | -4.9% | — | — | |
| Q4 2015 | -29.4% | — | — | |
| Q3 2015 | -6.4% | — | — | |
| Q2 2015 | +3.5% | — | — | |
| Q1 2015 | +5.0% | — | — | |
| Q4 2014 | -2.8% | — | — | |
| Q3 2014 | -2.0% | — | — | |
| Q2 2014 | +0.3% | — | — | |
| Q1 2014 | -9.0% | — | — | |
| Q4 2013 | +0.6% | — | — | |
| Q3 2013 | -0.3% | — | — | |
| Q2 2013 | -14.4% | — | — | |
| Q1 2013 | +4.3% | — | — | |
| Q4 2012 | -28.7% | — | — | |
| Q3 2012 | +2.1% | — | — | |
| Q2 2012 | -0.7% | — | — | |
| Q1 2011 | -5.0% | — | — | |
| Q1 2012 | +3.1% | — | — | |
| Q4 2011 | +3.5% | — | — | |
| Q4 2009 | +3.5% | — | — | |
| Q2 2011 | +3.5% | — | — | |
| Q4 2010 | -5.6% | — | — | |
| Q3 2010 | -5.6% | — | — | |
| Q3 2011 | -5.6% | — | — | |
| Q2 2010 | +3.1% | — | — |
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