Stride, Inc. LRN is slated to release first-quarter fiscal 2025 results on Oct. 22, 2024, after market close.
Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.
In the last quarter, the company’s adjusted earnings and revenues topped the Zacks Consensus Estimate by 9.2% and 1.5%, respectively. The top and bottom lines grew 10.5% and 40.6%, respectively, year over year.
Its earnings surpassed the consensus mark in each of the trailing four quarters, with an average surprise of 40.3%.
LRN’s Trend in Estimate Revision
The Zacks Consensus Estimate for the quarter’s earnings has remained unchanged at 20 cents per share over the past 60 days. The estimated figure indicates year-over-year growth of 81.8%.
Stride, Inc. Price and EPS Surprise
Stride, Inc. price-eps-surprise | Stride, Inc. Quote
The consensus mark for revenues is pegged at $499.9 million, indicating a year-over-year increase of 4.1%.
Factors to Ascertain Stride’s Quarterly Results
Stride’s fiscal first-quarter revenues are expected to gain year over year due to increased enrollment growth in Career Learning and General Education programs. This, alongside strength in student retention paired with innovative healthcare product offerings through MedCerts, is likely to have added to the uptrend.
Furthermore, the focus on incorporating AI and other technologies into its programs to enhance teacher tools and strengthen student engagement bodes well.
Moreover, LRN’s bottom line is expected to have increased year over year on the back of its ongoing cost-reduction efforts and an efficient capital allocation strategy. Although increased instructional costs and services are likely to have pulled down the prospects to some extent, the operational efficiencies and leverage from the increased top line are anticipated to have had more than offset the negatives.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for Stride this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Earnings ESP: LRN has an Earnings ESP of 0.00%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Zacks Rank: The company currently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks Poised to Beat Earnings Estimates
Here are some stocks from the Zacks Consumer Discretionary sector, which according to our model, have the right combination of elements to post an earnings beat this reporting cycle.
Churchill Downs Incorporated CHDN has an Earnings ESP of +3.81% and a Zacks Rank of 3 at present.
CHDN’s earnings for the third quarter of 2024 are expected to increase 16.1%. It reported better-than-expected earnings in each of the trailing four quarters, with an average surprise of 20.4%.
Marriott International, Inc. MAR currently has an Earnings ESP of +1.57% and a Zacks Rank of 3.
MAR’s earnings for the third quarter are expected to increase 9.5%. It reported better-than-expected earnings in three of the trailing four quarters and missed on the remaining one occasion, the average surprise being 16.9%.
Norwegian Cruise Line Holdings Ltd. NCLH currently has an Earnings ESP of +1.29% and a Zacks Rank of 1.
NCLH’s earnings for the third quarter are expected to increase 23.7%. It reported better-than-expected earnings in three of the trailing four quarters and missed on the remaining one occasion, the average surprise being 5.7%.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>Marriott International, Inc. (MAR) : Free Stock Analysis Report
Churchill Downs, Incorporated (CHDN) : Free Stock Analysis Report
Norwegian Cruise Line Holdings Ltd. (NCLH) : Free Stock Analysis Report
Stride, Inc. (LRN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
