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Investing.com -- Universal Technical Institute, Inc. (NYSE:UTI) saw its shares surge 13.4% after the workforce solutions provider reported fiscal second-quarter earnings that exceeded analyst expectations and raised its full-year guidance.
The company posted adjusted earnings per share of $0.21 for the quarter ended March 31, 2025, beating the analyst consensus of $0.12. Revenue came in at $207.4 million, topping estimates of $196.52 million and representing 12.6% YoY growth.
Universal Technical Institute raised its fiscal 2025 revenue guidance to $825-835 million, up from its previous outlook of $810-820 million and above the consensus estimate of $814.2 million. The company also increased its new student starts forecast to 29,000-30,000, compared to 28,500-29,500 previously.
"We delivered another strong quarter in Q2 as we continued to advance our North Star Strategy and build on our operational momentum," said CEO Jerome Grant. "We exceeded expectations across all key metrics, with revenue growing 13% year-over-year, average full-time active students increasing 10%, and new student starts rising over 21%."
Total (EPA:TTEF) new student starts grew 21.4% in the quarter, while average full-time active students increased 10.3% compared to the same period last year. The company’s UTI segment saw new student starts jump 26.4%, while its Concorde segment reported a 15.9% increase.
Universal Technical Institute’s net income rose 47% to $11.4 million, and adjusted EBITDA grew 27.8% to $28.9 million versus the prior-year quarter.
The strong results and optimistic outlook drove the stock’s 13.4% gain following the earnings release, reflecting investors’ positive reaction to the company’s performance and growth prospects.
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