Stride Inc. (LRN) Tops Q3 EPS by 17c, provides guidance

Stride Inc. (NYSE: LRN) reported Q3 EPS of $1.60, $0.17 better than the analyst estimate of $1.43. Revenue for the quarter came in at $520.8 million versus the consensus estimate of $507.89 million.

GUIDANCE:

Stride Inc. sees FY2024 revenue of $2.025-2.04 million, versus the consensus of $2.022 million.
Capital expenditures in the range of $60 million to $65 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.
Effective tax rate of 24% to 26%.
Adjusted operating income in the range of $280 million to $290 million. (1)

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

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