LINC Stock Forecast & Price Target

Lincoln Educational Services Corp reported a robust 25.4% year-over-year revenue increase, excluding its Transitional segment, reflecting strong demand in its educational offerings. The company's focus on its Licensed Practical Nursing and Medical Assisting programs led to a notable enrollment increase, with new student starts rising 6.0% year-over-year in the third quarter. Additionally, the company achieved a significant 65.1% increase in adjusted EBITDA to $16.9 million, surpassing analyst expectations, and noted a 19.5% growth in overall student starts, underscoring a strong operational performance.

Lincoln Educational Services Corp reported a 3.9% decrease in net income to $3.8 million, raising concerns as the decline occurred despite a better-than-expected performance relative to previous estimates. The company also experienced a significant 36% year-over-year decline in enrollment starts, which could indicate ongoing challenges in attracting new students to its programs, particularly in the healthcare segment. Furthermore, revised projections for 2026 show a higher revenue estimate of $555.0 million with a corresponding drop in adjusted EBITDA and earnings per share, highlighting continued operational struggles and a negative outlook for profitability.