Zacks: Analysts Expect Stride, Inc. (NYSE:LRN) Will Post Quarterly Sales of $367.20 Million

Wall Street brokerages expect Stride, Inc. (NYSE:LRN) to post $367.20 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Stride’s earnings. The highest sales estimate is $372.40 million and the lowest is $362.00 million. Stride posted sales of $370.96 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 1%. The firm is expected to report its next earnings results after the market closes on Tuesday, October 19th.

On average, analysts expect that Stride will report full year sales of $1.50 billion for the current financial year, with estimates ranging from $1.46 billion to $1.52 billion. For the next financial year, analysts anticipate that the business will post sales of $1.59 billion, with estimates ranging from $1.54 billion to $1.62 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Stride.

Stride (NYSE:LRN) last released its earnings results on Tuesday, August 10th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.10. The company had revenue of $397.50 million during the quarter, compared to analysts’ expectations of $388.79 million. Stride had a return on equity of 9.33% and a net margin of 4.65%. The business’s revenue for the quarter was up 47.8% on a year-over-year basis. During the same period last year, the firm earned $0.12 EPS.

LRN has been the subject of a number of analyst reports. Zacks Investment Research cut Stride from a “strong-buy” rating to a “strong sell” rating in a research note on Wednesday. Citigroup initiated coverage on Stride in a report on Tuesday, September 14th. They set a “buy” rating and a $65.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Stride has an average rating of “Hold” and an average target price of $43.50.

Shares of Stride stock traded up $0.62 during trading on Monday, reaching $34.40. 5,823 shares of the company were exchanged, compared to its average volume of 649,926. The company has a quick ratio of 2.67, a current ratio of 2.80 and a debt-to-equity ratio of 0.42. Stride has a twelve month low of $20.39 and a twelve month high of $37.60. The business has a 50-day moving average price of $34.28 and a 200-day moving average price of $31.56. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 19.87, a P/E/G ratio of 0.83 and a beta of 0.62.

A number of large investors have recently added to or reduced their stakes in LRN. Daiwa Securities Group Inc. acquired a new stake in shares of Stride in the 2nd quarter valued at approximately $31,000. Ameritas Investment Company LLC bought a new position in shares of Stride during the first quarter valued at about $38,000. Parkside Financial Bank & Trust increased its holdings in Stride by 47.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,129 shares of the company’s stock valued at $68,000 after purchasing an additional 684 shares during the period. FORA Capital LLC lifted its position in shares of Stride by 164.3% in the 2nd quarter. FORA Capital LLC now owns 3,074 shares of the company’s stock worth $99,000 after purchasing an additional 1,911 shares during the period. Finally, Public Employees Retirement System of Ohio grew its stake in Stride by 12.8% in the second quarter. Public Employees Retirement System of Ohio now owns 3,296 shares of the company’s stock worth $106,000 after purchasing an additional 375 shares during the period. 87.42% of the stock is owned by hedge funds and other institutional investors.

Stride Company Profile

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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