K12, Inc. (NYSE: LRN) reported Q1 EPS of $0.30, $0.61 better than the analyst estimate of ($0.31). Revenue for the quarter came in at $371 million versus the consensus estimate of $362.52 million.

GUIDANCE:

K12, Inc. sees Q2 2021 revenue of $358-366 million, versus the consensus of $366 million.

• Revenue in the range of $358 million to $366 million.
• Capital expenditures in the range of $12 million to $15 million. Note that capital expenditures include the purchase of property and equipment, and capitalized software and curriculum development costs as defined on our Statement of Cash Flows.
• Adjusted operating income in the range of $42 million to $45 million. (1)

K12, Inc. sees FY2021 revenue of $1.445-1.47 billion, versus the consensus of $1.44 billion.

• Revenue in the range of $1.445 billion to $1.470 billion.
• Capital expenditures in the range of $50 million to $60 million. Note that capital expenditures include the purchase of property and equipment and capitalized software and curriculum development costs as defined on our Statement of Cash Flows.
• Tax rate of 26% to 29% after discrete items.
• Adjusted operating income in the range of $120 million to $130 million.

For earnings history and earnings-related data on K12, Inc. (LRN) click here.