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

Strategic Education

03/11/2023 07:18

* Strategic Education Inc  STRA.OQ  reported quarterly
adjusted
earnings of 97 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 33 cents.  The mean expectation of
four analysts for the quarter was for earnings of 81 cents per
share. Wall Street expected results to range from 62 cents to 98
cents per share.
    * Revenue rose 8.7% to $285.94 million from a year ago;
analysts
expected $283.13 million. 
    * Strategic Education Inc's reported EPS for the quarter was
77
cents​.
    * The company reported quarterly net income of $18.46
million.
    * Strategic Education Inc shares had risen by 14.4% this
quarter and gained 10.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 7.5%
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 "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the miscellaneous
educational service providers peer group is also "buy"

Wall Street's median 12-month price target for Strategic
Education Inc is $91.00 
This summary was machine generated from LSEG data November 3 at
07:18 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.81           0.97           Beat
 Jun. 30 2023      0.69           0.82           Beat
 Mar. 31 2023      0.22           0.24           Beat
 Dec. 31 2022      0.93           0.78           Missed