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Legacy Education Inc. (LGCY) Upgraded to Buy: Here's What You Should Know
ZACKS· 2025-05-19 17:06
Legacy Education Inc. (LGCY) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the sys ...
Legacy Education Inc. (LGCY) is on the Move, Here's Why the Trend Could be Sustainable
ZACKS· 2025-05-19 13:51
While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock aliv ...
Legacy Education Inc. (LGCY) Tops Q3 Earnings and Revenue Estimates
ZACKS· 2025-05-15 22:26
Legacy Education Inc. (LGCY) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 31.25%. A quarter ago, it was expected that this company would post earnings of $0.09 per share when it actually produced earnings of $0.10, delivering a surprise of 11.11%.Over the last four quarters, the co ...
Legacy Education Inc.(LGCY) - 2025 Q3 - Earnings Call Transcript
2025-05-15 21:30
Legacy Education (LGCY) Q3 2025 Earnings Call May 15, 2025 04:30 PM ET Speaker0 Good day, and welcome to the Legacy Education Third Quarter Fiscal twenty twenty five Earnings Conference Call. Today's call is being recorded and broadcast live. It will also be archived on the Legacy Education's website for future reference. To kick off the call, I will turn it over to Nicole Joseph, Senior Vice President of Legacy Education. Speaker1 Thank you and hello everyone. Legacy Education has issued a news release rep ...
Legacy Education Inc.(LGCY) - 2025 Q3 - Quarterly Results
2025-05-15 20:05
Exhibit 99.1 LEGACY EDUCATION INC. ACHIEVES RECORD Q3 WITH 50% REVENUE GROWTH AND SURPASSES 3,000 ENROLLED STUDENTS Lancaster, California, May 15, 2025 (PR Newswire) — Legacy Education Inc. (NYSE American: LGCY), a leading provider of career-focused education and training, today announced financial and operating results for the third fiscal quarter ended March 31, 2025. Legacy Education Inc. will host a conference call to discuss third quarter financial results today, Thursday, May 15, 2025, at 4:30 p.m. Ea ...
Legacy Education Inc.(LGCY) - 2025 Q3 - Quarterly Report
2025-05-15 20:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ____ Commission File Number: 001-42283 LEGACY EDUCATION INC. (Exact name of registrant as specified in its charter) | Nevada | 84-5167957 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | ...
Legacy Education Inc. Schedules Third Quarter Fiscal Year 2025 Earnings Release and Conference Call
Prnewswire· 2025-05-01 13:00
LANCASTER, Calif., May 1, 2025 /PRNewswire/ -- Legacy Education Inc. ("Legacy Education" or the "Company") (NYSE American: LGCY) announces that it will host a conference call to discuss its third quarter financial results on Thursday, May 15, 2025 at 4:30 p.m. Eastern time. A news release outlining Legacy Education's results will be issued by 4:05 p.m. Eastern time on that day.To access the live webcast of the conference call, please go to the investor relations section of the Legacy Education website at ww ...
Legacy Education Announces Formation of Advisory Board to Support Strategic Growth and Industry Expansion
Prnewswire· 2025-04-29 13:30
LANCASTER, Calif., April 29, 2025 /PRNewswire/ -- Legacy Education Inc. (NYSE American: LGCY) ("Legacy" or "Legacy Education"), a leading for-profit provider of nursing and allied health education, has formed an Advisory Board to support the company's strategic direction as it expands its national footprint and program offerings.The Advisory Board will play a key role in advising Legacy's leadership team on mergers and acquisitions, clinical site expansion, strategic partnerships, and industry engagement. I ...
Legacy Education Inc. (LGCY) to Participate in the 37th Annual ROTH Conference
Prnewswire· 2025-03-10 19:30
Company Overview - Legacy Education Inc. is a leading provider of career-focused education and training, primarily in the healthcare field, offering certificates and degrees in various disciplines such as nursing, medical technicians, and dental assisting [3] - The company was founded in 2009 and is nationally accredited, focusing on providing high-quality, accessible, and affordable education [3] - Legacy Education aims to grow its educational footprint through organic enrollment growth, the addition of new programs, and accretive acquisitions [3] Conference Participation - Legacy Education will participate in the 37th Annual ROTH Conference from March 16-18, 2025, at The Laguna Cliffs Marriott in Dana Point, California, which connects growth-oriented companies with investors and industry leaders [1] - The CEO, LeeAnn Rohmann, and CFO, Brandon Pope, will hold one-on-one and small group meetings with institutional investors during the event to provide an overview of the company [2]
Legacy Education Inc.(LGCY) - 2025 Q2 - Earnings Call Transcript
2025-02-14 03:00
Financial Data and Key Metrics Changes - Revenue for Q2 2025 increased by 29.2% year-over-year to $13.6 million, driven by enrollment growth and expansion in high-demand health care programs [11][23] - Net income reached $1.4 million, reflecting an 8.5% growth year-over-year [23] - EBITDA was reported at $1.8 million, a 3.6% increase year-over-year, while adjusted EBITDA was $1.9 million, showing a 10.1% growth year-over-year [23] - For the six months ended December 31, 2024, revenue totaled $27.6 million, a 32.1% growth year-over-year, with net income at $3.5 million, representing a 47.9% increase year-over-year [24] Business Line Data and Key Metrics Changes - The student population grew by 44.8% year-over-year to 2,768 students, fueled by strong enrollments and the acquisition of Contra Costa Medical Career College [12][10] - New student starts increased by 3%, reflecting strong market demand and improved outreach strategies [11] Market Data and Key Metrics Changes - The company continues to expand its health care program offerings, including new programs such as Surgical Technology, Sterile Processing, Pharmacy Technician, and Dental Assistant [13] - The integration of Contra Costa Medical Career College added 14 new programs to the existing portfolio, enhancing market opportunities [18][45] Company Strategy and Development Direction - The company is focused on enrollment growth, expanding marketing reach, and launching additional health care and technical programs aligned with industry demand [26] - Legacy Education is exploring selective acquisitions to enhance its educational portfolio and geographic footprint [18][26] - The company remains confident in its standing despite regulatory scrutiny in the for-profit education sector, focusing on high-demand allied health programs [19][27] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the current administration's potential regulatory changes, indicating no anticipated challenges for funding current programs [32] - The company is witnessing robust demand for its programs, with leads performing to projections and an expectation for continued growth in Q3 [50][51] Other Important Information - The company successfully executed its emergency preparedness plan during the Los Angeles fires, transitioning students online with minimal disruption [14][15] - Cash reserves stand at $16.9 million, ensuring financial flexibility [24] Q&A Session Summary Question: Effects of the current administration on student support and funding - Management is monitoring discussions within the Department of Education and does not foresee challenges regarding funding for current programs [32] Question: Details on the Surgical Technology program - The Surgical Technology program is a new associate degree offering rolled out at the Salinas campus [35] Question: Insights on the M&A environment - The M&A pipeline remains strong, with many single-owner institutions looking for opportunities to exit the market [38] Question: Stronger than anticipated programs in December quarter - Cardiac Sonography, MRI, and Nursing programs showed particularly strong enrollment [43] Question: Clarification on the integration of Contra Costa Medical Career College - The acquisition added 14 programs to the existing offerings, enhancing the educational portfolio [45] Question: Changes in the acquisition pipeline post-administration change - There has been an increase in the acquisition pipeline as some institutions see this as an opportunistic time to exit [48] Question: Enrollment trends in January and February - Demand for programs remains robust, with leads performing well against projections [50][51]