Stride Q3 revenue rises

Stride

28/04/2026 21:24

Overview

US education technology firm's fiscal Q3 revenue rose 2.7% yr/yr to $629.9 mln

Adjusted EPS for fiscal Q3 was $2.30, down 1.3% from prior year

Net income for fiscal Q3 fell 10.9% yr/yr to $88.5 mln

Outlook

Stride sees FY 2026 revenue between $2.49 bln and $2.52 bln

Company expects FY 2026 adjusted operating income of $490 mln to $500 mln

Stride forecasts FY 2026 capital expenditures of $75 mln to $80 mln

Result Drivers

CAREER LEARNING GROWTH - Career Learning revenue rose 12.3% yr/yr, driven by a 15.9% increase in Middle-High School revenue and 11.6% higher Career Learning enrollments

GENERAL EDUCATION DECLINE - General Education revenue fell 3.6% yr/yr, offsetting some gains from Career Learning

HIGHER REVENUE PER ENROLLMENT - Revenue per enrollment increased 2.9% yr/yr to $2,485, reflecting higher pricing or mix

Company press release: ID:nGNX2ZYGxD

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
$629.90 mln
$629.52 mln (2 Analysts)
Q3 Adjusted EPS
Beat
$2.30
$2.04 (1 Analyst)
Q3 EPS
$1.93
Q3 Net Income
$88.50 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

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 "buy"

Wall Street's median 12-month price target for Stride Inc is $123.75, about 26.5% above its April 27 closing price of $97.79

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 8 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)