These Analysts Increase Their Forecasts On Universal Technical Institute After Strong Earnings

Universal Technical Institute, Inc. (NYSE:UTI) reported better-than-expected earnings for its fourth quarter on Wednesday.

The company posted quarterly earnings of 34 cents per share which beat the analyst consensus estimate of 30 cents per share. The company reported quarterly sales of $196.36 million which beat the analyst consensus estimate of $191.39 million.

“We concluded the first stage of our North Star Strategy in fiscal 2024 achieving both strong results and momentum,” said Jerome Grant, CEO of Universal Technical Institute, Inc. “We met or exceeded guidance across all key metrics with full year revenue and adjusted EBITDA increasing over 21% and 60% year-over-year, respectively. These results reflect our consistent execution on ...

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