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

Stride

23/04/2024 22:01

* Stride Inc  LRN.N  reported quarterly adjusted earnings of
$1.60​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of
$1.30.  The mean expectation of five analysts for the quarter
was for earnings of $1.43 per share. Wall Street expected
results to range from $1.33  to $1.55 per share.
    * Revenue rose 10.7% to $520.84 million from a year ago;
analysts
expected $507.18 million. 
    * Stride Inc's reported EPS for the quarter was $1.60​.
    * The company reported quarterly net income of $69.69
million.
    * Stride Inc shares had fallen by 7.9% this quarter and
lost 2.1%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.7%
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." 
    * Wall Street's median 12-month price target for Stride Inc
is
$73.50 

This summary was machine generated from LSEG data April 23 at
09:01 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
 Mar. 31 2024      1.43           1.60           Beat
 Dec. 31 2023      1.31           1.54           Beat
 Sep. 30 2023      -0.35          0.11           Beat
 Jun. 30 2023      0.87           1.01           Beat