Several weeks ago, I wrote about one of my favorite for-profit educational stocks, Lincoln Educational Services (LINC). I wrote:
Lincoln Educational has been expanding its facilities and areas of study, as well as entering new geographic markets. It couldn’t come at a better time as more Americans are heading back to school to polish their resumes in today’s highly-competitive job market. As the unemployment rate continues to trend upwards, more workers are enrolling in classes, and Lincoln is seeing business boom.
The stock is up sharply today thanks to an outstanding earnings report. Profits surged nearly sixfold. The company earned 27 cents a share for the second quarter compared with five cents a share a year ago. Wall Street was expecting 19 cents a share. The company also said that it expects earnings to rise around 80% this year.
Lincoln Educational Services remains a very strong buy.