Stock Story -
Vocational education Universal Technical Institute (NYSE:UTI) will be reporting results tomorrow after market hours. Here's what to expect.
Universal Technical Institute beat analysts' revenue expectations by 4% last quarter, reporting revenues of $184.2 million, up 12.4% year on year. It was a decent quarter for the company, with full-year revenue guidance beating analysts' expectations but a miss of analysts' earnings estimates.
Is Universal Technical Institute a buy or sell going into earnings? Find out by reading the original article on StockStory, it's free.
This quarter, analysts are expecting Universal Technical Institute's revenue to grow 12.8% year on year to $172.9 million, slowing from the 51.8% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Universal Technical Institute has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 3.2% on average.
Looking at Universal Technical Institute's peers in the education services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Strategic Education delivered year-on-year revenue growth of 8.5%, beating analysts' expectations by 1.3%, and Laureate Education reported revenues up 8%, topping estimates by 3.2%. Strategic Education traded down 19.8% following the results while Laureate Education was also down 7.6%.
Read the full analysis of Strategic Education's and Laureate Education's results on StockStory.
There has been positive sentiment among investors in the education services segment, with share prices up 3.3% on average over the last month. Universal Technical Institute is up 7% during the same time and is heading into earnings with an average analyst price target of $20.8 (compared to the current share price of $17.8).
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