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

Stride

07/08/2024 24:28

* Stride Inc  LRN.N  reported quarterly adjusted earnings of
$1.42​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of $1.01. 
The mean expectation of five analysts for the quarter was
for earnings of $1.27 per share. Wall Street expected results to
range from $1.13  to $1.34 per share.
    * Revenue rose 10.5% to $534.18 million from a year ago;
analysts
expected $525.84 million. 
    * Stride Inc's reported EPS for the quarter was $1.42​.
    * The company reported quarterly net income of $62.78
million.
    * Stride Inc shares had risen by 1.0% this quarter and
gained 19.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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
$76.00 
This summary was machine generated from LSEG data August 6 at
11:28 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
 Jun. 30 2024      1.27           1.42           Beat
 Mar. 31 2024      1.43           1.60           Beat
 Dec. 31 2023      1.31           1.54           Beat
 Sep. 30 2023      -0.35          0.11           Beat