Stride (NYSE:LRN) Posts Earnings Results, Misses Expectations By $0.07 EPS

Stride (NYSE:LRN - Get Free Report) released its quarterly earnings data on Tuesday. The company reported $2.02 earnings per share for the quarter, missing analysts' consensus estimates of $2.09 by ($0.07), Zacks reports. Stride had a net margin of 12.30% and a return on equity of 22.42%. The firm had revenue of $613.38 million during the quarter, compared to analysts' expectations of $591.15 million. During the same period in the previous year, the firm posted $1.60 EPS. The firm's quarterly revenue was up 17.8% on a year-over-year basis. Stride updated its FY 2025 guidance to EPS.

Stride Price Performance

LRN traded up $6.67 during trading on Friday, reaching $157.37. The company's stock had a trading volume of 635,101 shares, compared to its average volume of 831,862. Stride has a 1 year low of $63.25 and a 1 year high of $158.02. The company has a quick ratio of 5.93, a current ratio of 6.02 and a debt-to-equity ratio of 0.35. The company has a market cap of $6.85 billion, a price-to-earnings ratio of 26.28, a PEG ratio of 1.04 and a beta of 0.47. The firm has a fifty day simple moving average of $131.19 and a two-hundred day simple moving average of $116.90.

Analyst Upgrades and Downgrades

LRN has been the topic of several research analyst reports. William Blair reissued an "outperform" rating on shares of Stride in a report on Wednesday. BMO Capital Markets boosted their price target on shares of Stride from $134.00 to $139.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Barrington Research lifted their target price on shares of Stride from $150.00 to $170.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, Canaccord Genuity Group boosted their target price on shares of Stride from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Stride presently has a consensus rating of "Moderate Buy" and a consensus target price of $126.83.

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.