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

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

Stride Price Performance

LRN traded down $0.27 on Friday, hitting $92.06. 109,953 shares of the company were exchanged, compared to its average volume of 828,078. The business’s fifty day moving average is $79.51 and its 200 day moving average is $72.80. The firm has a market capitalization of $3.98 billion, a P/E ratio of 21.66, a price-to-earnings-growth ratio of 0.74 and a beta of 0.26. Stride has a fifty-two week low of $51.75 and a fifty-two week high of $92.75. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.95 and a current ratio of 5.10.

Analyst Ratings Changes

LRN has been the topic of a number of recent analyst reports. Citigroup lowered shares of Stride from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $77.00 to $90.00 in a research note on Tuesday, August 20th. StockNews.com lowered shares of Stride from a “buy” rating to a “hold” rating in a research note on Wednesday. Canaccord Genuity Group started coverage on shares of Stride in a research report on Thursday, August 8th. They set a “buy” rating and a $94.00 target price on the stock. BMO Capital Markets upped their target price on shares of Stride from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Canaccord Genuity Group upped their target price on shares of Stride from $94.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $89.50.

Stride Company Profile

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.