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

Stride (NYSE:LRN) issued its quarterly earnings results on Tuesday. The company reported $0.94 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $551.08 million during the quarter, compared to analyst estimates of $504.29 million. During the same quarter in the prior year, the business posted $0.11 earnings per share. Stride’s revenue for the quarter 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 Stock Up 2.9 %

Shares of LRN stock traded up $2.57 on Thursday, hitting $92.28. The stock had a trading volume of 2,535,453 shares, compared to its average volume of 831,671. Stride has a 52-week low of $50.28 and a 52-week high of $92.75. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 21.66, a P/E/G ratio of 0.74 and a beta of 0.26. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.95 and a current ratio of 5.10. The stock’s 50 day moving average is $79.30 and its 200-day moving average is $72.66.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LRN. StockNews.com downgraded Stride from a “buy” rating to a “hold” rating in a report on Wednesday. Canaccord Genuity Group raised their price target on shares of Stride from $94.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday. BMO Capital Markets boosted 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 raised their target price for the company from $77.00 to $90.00 in a research note on Tuesday, August 20th. Finally, Barrington Research upped their price target on shares of Stride from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Stride presently 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.