Online education Stride (NYSE:LRN) will be announcing earnings results this Tuesday after market hours. Here’s what to expect.
Stride beat analysts’ revenue expectations last quarter, reporting revenues of $631.3 million, up 7.5% year on year. It was a very strong quarter for the company, with revenue guidance for next quarter exceeding analysts’ expectations and a beat of analysts’ EPS estimates.
Is Stride a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Stride’s revenue to grow 2.7% year on year, slowing from the 17.8% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Stride has a history of exceeding Wall Street’s expectations.
With Stride being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for media & entertainment stocks. However, there has been positive investor sentiment in the segment, with share prices up 13.2% on average over the last month. Stride is up 19.2% during the same time .
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