Lincoln Educational Services posts strong Q3 results and lifts full‑year revenue outlook
Lincoln Educational Services reported third‑quarter 2026 revenue of $159.2 million, up 12.6% year‑over‑year, and GAAP diluted EPS of $0.15, both beating consensus estimates. Adjusted EBITDA rose 30.8% to $17.4 million and new student starts increased 14.2% to 7,362. The company completed an $18.8 million campus acquisition and raised its full‑year 2026 revenue guidance to $602.5 million (mid‑point) or $600 million‑$605 million range.
Why it matters
The higher revenue outlook suggests stronger top‑line growth for the rest of 2026, which may support continued share‑repurchase activity and capital‑allocation plans (the company repurchased about 870,000 shares in Q3). Analysts note the earnings beat and guidance lift as positive catalysts, though Rosenblatt lowered its price target to $40, reflecting lingering valuation concerns.
Key facts
- 1Revenue increased 12.6% year‑over‑year to $159.2 million. financialcontent.com
- 2GAAP diluted EPS was $0.15, beating the consensus estimate of $0.13. financialcontent.com
- 3Adjusted EBITDA grew 30.8% to $17.4 million. financialcontent.com
- 4New student starts rose 14.2% to 7,362. financialcontent.com
- 5Lincoln completed an acquisition of its Melrose Park, Illinois campus for $18.8 million. financialcontent.com
- 6Full‑year 2026 revenue guidance was raised to $602.5 million at the midpoint. financialcontent.com
Summary written by AlphAI AI Desk from 11 of 11 sources. Not investment advice. Figures are as stated by the linked sources.