Stride (NYSE:LRN) Posts Quarterly Earnings Results, Beats Expectations By $0.72 EPS

Stride (NYSE:LRN) announced its quarterly earnings results on Tuesday. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.72, Briefing.com reports. Stride had a return on equity of 19.12% and a net margin of 10.01%. The company had revenue of $551.08 million during the quarter, compared to analyst estimates of $504.29 million. During the same period in the prior year, the company earned $0.11 earnings per share. The firm’s revenue was up 14.8% on a year-over-year basis. Stride updated its FY 2025 guidance to EPS and its Q2 2025 guidance to EPS.

Stride Stock Down 0.9 %

NYSE:LRN traded down $0.87 during mid-day trading on Friday, reaching $91.46. The company’s stock had a trading volume of 183,788 shares, compared to its average volume of 828,544. Stride has a 1 year low of $51.75 and a 1 year high of $92.75. The stock has a fifty day moving average of $79.51 and a 200-day moving average of $72.80. The firm has a market capitalization of $3.96 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 0.74 and a beta of 0.26. The company has a quick ratio of 4.95, a current ratio of 5.10 and a debt-to-equity ratio of 0.38.

Analyst Ratings Changes

Several research firms have commented on LRN. Canaccord Genuity Group assumed coverage on shares of Stride in a research report on Thursday, August 8th. They set a “buy” rating and a $94.00 price objective for the company. Barrington Research boosted their target price on Stride from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday. BMO Capital Markets lifted their price objective on shares of Stride from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday. Citigroup downgraded shares of Stride from a “buy” rating to a “neutral” rating and increased their target price for the company from $77.00 to $90.00 in a research note on Tuesday, August 20th. Finally, Canaccord Genuity Group lifted their price target on shares of Stride from $94.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $89.50.

About Stride

Stride, Inc, a technology-based education service company, engages in the provision of proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, support, and facilitate individualized learning for students.