Stride Inc reports results for the quarter ended in December - Earnings Summary

Stride

23/01/2024 22:03

* Stride Inc  LRN.N  reported quarterly adjusted earnings of
$1.54​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of
$1.19.  The mean expectation of five analysts for the quarter
was for earnings of $1.31 per share. Wall Street expected
results to range from $1.19  to $1.40 per share.
    * Revenue rose 10.1% to $504.87 million from a year ago;
analysts
expected $500.85 million. 
    * Stride Inc's reported EPS for the quarter was $1.54​.
    * The company reported quarterly net income of $66.84
million.
    * Stride Inc shares had risen by 4.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.8%
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 4 "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 Stride Inc is
$70.00 
This summary was machine generated from LSEG data January 23 at
10:01 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
 Dec. 31 2023      1.31           1.54           Beat
 Sep. 30 2023      -0.35          0.11           Beat
 Jun. 30 2023      0.87           1.01           Beat
 Mar. 31 2023      1.07           1.30           Beat