Stride Inc. (LRN) Tops Q3 EPS by 18c, Offers Guidance

Stride Inc. (NYSE: LRN) reported Q3 EPS of $1.02, $0.18 better than the analyst estimate of $0.84. Revenue for the quarter came in at $421.7 million versus the consensus estimate of $411.12 million.

GUIDANCE:

Stride Inc. sees FY2022 revenue of $1.645-1.66 billion, versus the consensus of $1.63 billion.

• Capital expenditures in the range of $65 million to $70 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 27% to 29%.
• Adjusted operating income in the range of $180 million to $185 million.

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

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