Strategic Education Inc reports results for the quarter ended in March - Earnings Summary

Strategic Education

25/04/2024 22:23

* Strategic Education Inc  STRA.OQ  reported quarterly
adjusted
earnings of $1.11​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 24 cents.  The mean expectation of
three analysts for the quarter was for earnings of 59 cents per
share. Wall Street expected results to range from 53 cents to 64
cents per share.
    * Revenue rose 13.1% to $290.25 million from a year ago;
analysts
expected $273.63 million. 
    * Strategic Education Inc's reported EPS for the quarter was
$1.23​.
    * The company reported quarterly net income of $29.7
million.
    * Strategic Education Inc shares had fallen by 3.3% this
quarter and gained 9.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 26.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the miscellaneous
educational service providers peer group is  "buy."

Wall Street's median 12-month price target for Strategic
Education Inc is $124.50 
This summary was machine generated from LSEG data April 25 at
09:23 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.59           1.11           Beat
 Dec. 31 2023      1.34           1.68           Beat
 Sep. 30 2023      0.81           0.97           Beat
 Jun. 30 2023      0.69           0.82           Beat