Key Takeaways:
Legacy Education Inc. (LGCY) reported third-quarter earnings of $0.22 per share, surpassing the Zacks Consensus Estimate of $0.16 and marking a 4.8% increase from the prior year.
"We continue to see strong interest in healthcare career training across our markets, supported by student demand and steady enrollment trends," LeeAnn Rohmann, Chief Executive Officer of Legacy Education, said.
The career education provider saw revenue for the quarter ended March 31 increase 15.0% to $21.4 million, compared to $18.6 million a year earlier. Net income rose 7.5% to $3.0 million. The growth was driven by 1,078 new student starts during the quarter, which contributed to a 9.4% increase in the total student population to 3,550.
The results reflect the company's expansion efforts, including new surgical and sterile processing technician programs at its High Desert Medical and Integrity College of Health campuses. For the nine months ended March 31, 2026, revenue grew 29.7% to $60.0 million, while net income climbed 15.1% to $7.3 million. The company did not disclose forward guidance for the upcoming quarter.
The consistent growth in enrollment and revenue signals that Legacy's focus on healthcare programs aligns with current workforce demands. Investors will watch for continued momentum and the impact of new program launches in the company's next earnings report.
This article is for informational purposes only and does not constitute investment advice.
