Stride Inc. (LRN) Misses Q1 EPS by 1c, Revenue Beats, Guidance Tops Views

Stride Inc. (NYSE: LRN) reported Q1 EPS of ($0.15), $0.01 worse than the analyst estimate of ($0.14). Revenue for the quarter came in at $400.2 million versus the consensus estimate of $359.48 million.

GUIDANCE:

Stride Inc. sees FY2022 revenue of $1.56-1.6 billion, versus the consensus of $1.47 billion.

• Capital expenditures in the range of $65 million to $75 million. Note that capital expenditures include the purchase of property and equipment, capitalized software, and curriculum development costs as defined on our Statement of Cash Flows.
• Effective tax rate of 28% to 30%.
• Adjusted operating income in the range of $165 million to $180 million. (1)

Stride Inc. sees Q2 2022 revenue of $390-400 million, versus the consensus of $365 million.

• Capital expenditures in the range of $14 million to $17 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 $55 million to $60 million. (1)

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

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