Stride, Inc. (NYSE:LRN) to Post Q4 2022 Earnings of $0.62 Per Share, Barrington Research Forecasts

Stride, Inc. (NYSE:LRNGet Rating) – Analysts at Barrington Research dropped their Q4 2022 earnings estimates for Stride in a report issued on Wednesday, April 20th. Barrington Research analyst A. Paris. Jr now expects that the company will earn $0.62 per share for the quarter, down from their prior forecast of $0.70.

Stride (NYSE:LRNGet Rating) last posted its earnings results on Tuesday, April 19th. The company reported $1.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.18. The business had revenue of $421.72 million during the quarter, compared to the consensus estimate of $410.73 million. Stride had a return on equity of 9.25% and a net margin of 4.40%. Stride’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company earned $0.57 EPS.

Several other equities analysts also recently issued reports on the company. Morgan Stanley lifted their price objective on Stride from $36.00 to $39.00 and gave the company an “equal weight” rating in a research report on Wednesday. Zacks Investment Research upgraded Stride from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Friday. Finally, StockNews.com upgraded Stride from a “hold” rating to a “buy” rating in a research report on Friday.

Stride stock opened at $36.85 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.43 and a quick ratio of 3.33. The company has a market capitalization of $1.58 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 0.72 and a beta of 0.45. Stride has a one year low of $25.55 and a one year high of $41.20. The business has a 50 day simple moving average of $34.51 and a 200 day simple moving average of $34.03.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LRN. Brown Advisory Inc. increased its stake in shares of Stride by 145.9% in the 4th quarter. Brown Advisory Inc. now owns 972,831 shares of the company’s stock valued at $32,424,000 after buying an additional 577,161 shares during the period. Morgan Stanley increased its stake in shares of Stride by 39.8% in the 2nd quarter. Morgan Stanley now owns 1,431,342 shares of the company’s stock valued at $45,990,000 after buying an additional 407,717 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in shares of Stride by 80.1% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 675,220 shares of the company’s stock valued at $24,267,000 after buying an additional 300,294 shares during the period. Norges Bank acquired a new stake in shares of Stride in the 4th quarter valued at $9,839,000. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of Stride in the 3rd quarter valued at $10,272,000. 87.62% of the stock is owned by institutional investors.

Stride Company Profile (Get Rating)

Stride, Inc, a technology-based education company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, and support students.

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Earnings History and Estimates for Stride (NYSE:LRN)

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