Brokerages Anticipate Stride, Inc. (NYSE:LRN) Will Announce Quarterly Sales of $395.35 Million

Brokerages expect Stride, Inc. (NYSE:LRN) to report $395.35 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Stride’s earnings, with estimates ranging from $395.00 million to $395.70 million. Stride posted sales of $376.15 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.1%. The business is expected to announce its next earnings results on Tuesday, January 25th.

According to Zacks, analysts expect that Stride will report full year sales of $1.58 billion for the current fiscal year. For the next year, analysts forecast that the firm will report sales of $1.63 billion, with estimates ranging from $1.54 billion to $1.69 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Stride.

Stride (NYSE:LRN) last announced its quarterly earnings results on Monday, October 18th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). Stride had a return on equity of 6.91% and a net margin of 3.38%. The business had revenue of $400.23 million during the quarter, compared to analysts’ expectations of $356.03 million. During the same period in the previous year, the business earned $0.30 EPS. The business’s revenue was up 7.9% compared to the same quarter last year.

A number of analysts recently commented on LRN shares. Zacks Investment Research raised Stride from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Wednesday, November 17th. Citigroup started coverage on Stride in a research note on Tuesday, September 14th. They issued a “buy” rating and a $65.00 price target for the company.

Institutional investors and hedge funds have recently bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Stride by 38.3% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 61,000 shares of the company’s stock worth $1,960,000 after purchasing an additional 16,900 shares in the last quarter. Squarepoint Ops LLC raised its holdings in Stride by 268.1% in the second quarter. Squarepoint Ops LLC now owns 71,292 shares of the company’s stock worth $2,291,000 after purchasing an additional 51,922 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Stride by 8.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 19,126 shares of the company’s stock worth $615,000 after purchasing an additional 1,426 shares in the last quarter. Citigroup Inc. raised its holdings in Stride by 63.6% in the second quarter. Citigroup Inc. now owns 9,943 shares of the company’s stock worth $320,000 after purchasing an additional 3,865 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Stride by 3.3% in the second quarter. Goldman Sachs Group Inc. now owns 161,544 shares of the company’s stock worth $5,190,000 after purchasing an additional 5,158 shares in the last quarter. Institutional investors and hedge funds own 85.80% of the company’s stock.

LRN stock traded up $0.07 on Thursday, reaching $35.57. The company’s stock had a trading volume of 164,506 shares, compared to its average volume of 633,079. The business has a fifty day simple moving average of $35.36 and a two-hundred day simple moving average of $32.45. Stride has a 12-month low of $20.39 and a 12-month high of $38.40. The firm has a market cap of $1.52 billion, a PE ratio of 28.01, a PEG ratio of 0.90 and a beta of 0.50. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.93 and a current ratio of 3.01.

About Stride

Stride, Inc is a technology-based educational company, which offers proprietary and third party curriculum, software systems and educational services. It also offers online curriculum and career services to middle and high school students, under the Destinations Career Academy brand name. The company was founded by Ronald J.

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Earnings History and Estimates for Stride (NYSE:LRN)

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