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Universal Technical Institute (UTI) Reports Next Week: Wall Street Expects Earnings Growth
UTIUniversal Technical Institute(UTI) ZACKS·2024-07-30 15:07

Core Viewpoint - Universal Technical Institute (UTI) is expected to report a significant year-over-year increase in earnings, driven by higher revenues, with a consensus EPS estimate of 0.07pershare,reflectinga2400.07 per share, reflecting a 240% increase from the previous year [11]. Earnings Expectations - Revenues for the upcoming quarter are projected to be 172.33 million, representing a 12.4% increase compared to the same quarter last year [2]. - The consensus EPS estimate has been revised 0.76% lower over the last 30 days, indicating a reassessment by analysts [2]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP of +3.70% for UTI indicates a higher likelihood of an earnings beat [5]. - A positive Earnings ESP combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) has historically resulted in a positive surprise nearly 70% of the time [4]. Historical Performance - Over the last four quarters, UTI has beaten consensus EPS estimates two times [7]. - In the last reported quarter, UTI was expected to post earnings of 0.15persharebutactuallyreported0.15 per share but actually reported 0.14, resulting in a surprise of -6.67% [16]. Market Sentiment - Analysts have recently become more optimistic about UTI's earnings prospects, as indicated by the Most Accurate Estimate being higher than the Zacks Consensus Estimate [5]. - The market's reaction to UTI's earnings report will depend on how actual results compare to these estimates, alongside management's discussion of business conditions during the earnings call [9][10].