Stride Inc expected to post earnings of $1.31 a share - Earnings Preview

Stride

19/01/2024 21:22

* Stride Inc  LRN.N   LRN  is expected to show a rise in
quarterly
revenue when it reports  results on January 23 for the period
ending December 31 2023
    * The Reston Virginia-based  company is expected to report a
9.3% increase in revenue to $500.855 million from $458.44
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.The company's guidance on October
24 2023, for the period ended December 31, was for revenue
between $490.00 million and $510.00 million.
    * ​LSEG's mean analyst estimate for Stride Inc is for
earnings of
$1.31 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Stride Inc
is
$70.00​, above​ its last closing price of $61.03. ​​​

The company's guidance on October 24 2023 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD80 million and USD90 million.The company's guidance on
October 24 2023 for the period ended December 31 was for Capital
Expenditures between USD15 million and USD18 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.42       -0.35      0.11      Beat    131.6
 Jun. 30 2023  0.88        0.87       1.01      Beat    16.1
 Mar. 31 2023  1.07        1.07       1.30      Beat    21.8​
 Dec. 31 2022  1.04        1.04       1.19      Beat    14.6
 ​​Sep.        -0.18       -0.13      -0.54     Missed  -303
 30 2022                                                
 Jun. 30 2022  0.62        0.63       0.66      Beat    4.3​
 Mar. 31 2022  0.83        0.84       1.02      Beat    21.7
 Dec. 31 2021  0.77        0.77       1.00      Beat    30.1
 This summary was machine generated January 19 at 21:22 GMT.  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)