Stride Inc reports results for the quarter ended in September 30 - Earnings Summary

Stride

23/10/2024 05:17

* Stride Inc  LRN.N  reported quarterly adjusted earnings of
94
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 11 cents.  The mean expectation of six analysts for the
quarter was for earnings of 22 cents per share. Wall Street
expected results to range from 18 cents to 27 cents per share.
    * Revenue rose 14.8% to $551.08 million from a year ago;
analysts
expected $504.28 million. 
    * Stride Inc's reported EPS for the quarter was 94 cents​.
    * The company reported quarterly net income of $40.88
million.
    * Stride Inc shares had fallen by 24.3% this quarter and
gained 8.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"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
$90.00 
This summary was machine generated from LSEG data October 23 at
04:16 a.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
 Sep. 30 2024      0.22           0.94           Beat
 Jun. 30 2024      1.27           1.42           Beat
 Mar. 31 2024      1.43           1.60           Beat
 Dec. 31 2023      1.31           1.54           Beat