Overview

* Lincoln Q2 revenue rises 13.2% to $116.5 mln, beating analyst expectations, per LSEG data

* Adjusted EBITDA for Q2 climbs 68.4%, exceeding analyst estimates

* Company raises full-year 2025 guidance based on strong first-half performance

Outlook

* Lincoln raises full-year 2025 revenue guidance to $490 mln-$500 mln

* Company expects 2025 adjusted EBITDA of $60 mln-$65 mln

* Lincoln projects 2025 net income between $13 mln and $18 mln

* Company anticipates 2025 student starts growth of 12%-15%

Result Drivers

* STUDENT GROWTH - Revenue increase driven by 16% rise in average student population

* HYBRID TEACHING MODEL - Lincoln 10.0 hybrid teaching model delivering increased instructional leverage

* CAMPUS DEVELOPMENT - ew East Point campus and our relocated Nashville campus outperforming co's expectations

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $116.47 $115.10

Revenue mln mln (6

Analysts

)

Q2 EPS $0.05

Q2 Net $1.55

Income mln

Q2 Beat $10.50 $9.36

Adjusted mln mln (6

EBITDA Analysts

)

Q2 $2.88

Operatin mln

g Income

Q2 $2.08

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the professional & business education peer group is "buy"

* Wall Street's median 12-month price target for Lincoln Educational Services Corp ( LINC ) is $26.00, about 8.7% above its August 8 closing price of $23.75

* The stock recently traded at 40 times the next 12-month earnings vs. a P/E of 38 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)