Shares of Universal Technical Institute (UTI) are soaring 11.61% in pre-market trading on Thursday, following the release of its impressive fiscal second-quarter earnings report and an upward revision of its 2025 guidance. The education provider significantly outperformed analysts' expectations, demonstrating strong financial performance and optimistic future prospects.
Universal Technical Institute reported diluted earnings per share of $0.21 for the quarter ended March 31, substantially beating analysts' expectations of $0.12 and showing robust growth from $0.14 in the same period last year. Revenue also exceeded expectations, coming in at $207.4 million compared to the anticipated $196.6 million and last year's $184.2 million. This strong performance highlights the company's ability to drive growth and improve profitability in the current market environment.
Adding to the positive sentiment, Universal Technical Institute raised its 2025 earnings guidance to a range of $1.00 to $1.08 per diluted share, up from the previous forecast of $0.96 to $1.04. The company also increased its annual revenue guidance to between $825 million and $835 million. Both revisions surpass current analyst projections, signaling strong confidence in the company's future performance. The market's enthusiastic response to these developments is evident in the stock's substantial pre-market gain. Furthermore, analysts remain bullish on UTI, with Barrington Research maintaining an Outperform rating and Rosenblatt reiterating a Buy rating, underlining the positive outlook for the company.
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