Overview

* Universal Technical Institute ( UTI ) fiscal Q3 revenue grows 15.1%, beating analyst expectations

* Adjusted EBITDA for fiscal Q3 rises 37.3%, surpassing estimates

* Company raises lower end of fiscal 2025 guidance for revenue and new student starts

Outlook

* Company raises fiscal 2025 revenue guidance to $830 mln - $835 mln

* Company increases fiscal 2025 new student starts guidance to 29,500 - 30,000

* Company plans accelerated growth for Concorde programs next fiscal year

Result Drivers

* STUDENT GROWTH - Revenue increase driven by 12.7% growth in average full-time active students

* EXPANSION INVESTMENTS - Increased operating expenses due to new campus launches and program expansions

* FAVORABLE ENVIRONMENT - Regulatory environment supports growth, aiding in lifting restrictions on Concorde division

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $204.30 $200 mln

Revenue mln (7

Analysts

)

Q3 EPS $0.19

Q3 Net $10.66

Income mln

Q3 Beat $25.30 $21.50

Adjusted mln mln (7

EBITDA Analysts

)

Q3 $14.15

Operatin mln

g Income

Q3 $14.35

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "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 Universal Technical Institute Inc ( UTI ) is $38.00, about 15.9% above its August 5 closing price of $31.95

* The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 27 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.)