LINC

LINC

Lincoln Educational Services Corporation

Company Information

SectorConsumer Defensive
IndustryEducation & Training Services
Market Cap$0.56B
Analysts Rating2.7/5

Recommendation Details

PortfolioConsumer Defensive Short
DateNov 12, 2026
ForecastQ Daily Probabilities
54.7%
42.5%
35.3%

Company Description

Lincoln Educational Services Corporation, along with its affiliated entities, specializes in providing vocational and technical post-secondary education to both recent high school graduates and working adults throughout the United States. The company's operations are structured around two primary divisions: Transportation and Skilled Trades, and Healthcare and Other Professions. It delivers a diverse array of programs, culminating in associate's degrees, diplomas, or certificates. These offerings span a wide spectrum of career fields, encompassing automotive technology; various skilled trades such as electrical work, HVAC repair, welding, computerized numerical control (CNC), and electrical/electronic systems; health sciences, including nursing, dental and medical assisting, claims examination, and medical administrative support; hospitality services like culinary arts, therapeutic massage, cosmetology, and aesthetics; and information technology. Operating 22 campuses across 14 states, the company utilizes well-known brand names such as Lincoln Technical Institute, Lincoln College of Technology, Lincoln Culinary Institute, and Euphoria Institute of Beauty Arts and Sciences, among others. As of December 31, 2021, these 22 locations collectively served an enrollment of 13,059 students. Founded in 1946, Lincoln Educational Services maintains its corporate headquarters in Parsippany, New Jersey.

Recent News & Events

Q3 beat with 14.2% student start growth and raised revenue guidance is a positive near-term catalyst, tempered by a valuation-driven price target cut and an ongoing securities class action overhang.

POSITIVENov 9, 2026
Earnings Report

Q3 2026 earnings beat; revenue guidance raised

LINC reported Q3 2026 adjusted EPS of $0.15 vs. $0.13 consensus and revenue of $159.2M vs. $152.5M expected, with student starts up 14.2% and adjusted EBITDA up 30.8%. Management raised full-year 2026 revenue guidance to $600-605M from $590-600M and narrowed student start growth to 10-12%. The beat and guidance raise, which reversed fears from the Q2 start shortfall, drove a sharp positive reaction (shares up ~24% Monday and ~5.7% Tuesday).

Company Press Release (GlobeNewswire)
NEUTRALNov 10, 2026
Analyst Price Target Change

Rosenblatt cuts PT to $40, maintains Buy

Rosenblatt lowered its price target on LINC to $40 from $50 while maintaining a Buy rating, citing valuation. The firm acknowledged the 14% Q3 student start rebound and revenue/EPS beat, reinforcing that Q2's soft starts were a one-time event. The PT cut signals tempered near-term upside expectations despite the positive fundamental read.

Investing.com
NEGATIVENov 10, 2026
Securities Class Action

Class action lead-plaintiff deadline passed Nov 10

Multiple law firms publicized a securities class action covering investors who bought LINC shares between May 11 and August 9, 2026, alleging the company failed to disclose problems converting admissions into student starts. The lead-plaintiff deadline was November 10, 2026. The litigation adds a credibility and legal overhang, though the notices largely repeat the same case and no findings have been made.

MarketBeat
POSITIVENov 9, 2026
Capital Allocation / Buyback

Board raises buyback authorization to $70M

The Board approved a $30M increase to the existing share repurchase authorization, bringing the total to $70M with more than $37M remaining available, after repurchasing 871,135 shares for ~$21.0M in Q3. The expanded buyback and a credit facility amendment enhancing repurchase flexibility provide a supportive demand backstop for the stock near term.

Company Press Release (GlobeNewswire)

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