Stride Inc expected to post earnings of $1.43 a share - Earnings Preview

Stride

19/04/2024 22:26

* Stride Inc  LRN.N   LRN  is expected to show a rise in
quarterly
revenue when it reports  results on April 23 for the period
ending March 31 2024
    * The Reston Virginia-based  company is expected to report a
7.8% increase in revenue to $507.18 million from $470.28 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.The company's guidance on January 23 2024,
for the period ended March 31, was for revenue between $500.00
million and $520.00 million.
    * ​LSEG's mean analyst estimate for Stride Inc is for
earnings of
$1.43 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
$73.50​, above​ its last closing price of $56.53. ​​​

The company's guidance on January 23 2024 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD85 million and USD95 million.The company's guidance on
January 23 2024 for the period ended March 31 was for Capital
Expenditures between USD14 million and USD17 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  
 Dec. 31 2023  1.32        1.31       1.54      Beat    17.6
 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.        1.04        1.04       1.19      Beat    14.6
 31 2022                                                
 Sep. 30 2022  -0.18       -0.13      -0.54     Missed  -303​
 Jun. 30 2022  0.62        0.63       0.66      Beat    4.3
 Mar. 31 2022  0.83        0.84       1.02      Beat    21.7
 This summary was machine generated April 19 at 21:26 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)