Stride Inc. (LRN) reported Q2 EPS of $1.19, $0.14 better than the analyst estimate of $1.05. Revenue for the quarter came in at $458.4 million versus the consensus estimate of $443.23 million.
GUIDANCE:
Stride Inc. sees Q3 2023 revenue of $445-465 million, versus the consensus of $436.3 million.
- Revenue in the range of $1.775 billion to $1.815 billion.
- Capital expenditures in the range of $70.0 million to $75.0 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 27% to 29%.
- Adjusted operating income in the range of $180.0 million to $200.0 million. (1)
Stride Inc. sees FY2023 revenue of $1.775-1.815 billion, versus the consensus of $1.73 billion.
- Revenue in the range of $445.0 million to $465.0 million.
- Capital expenditures in the range of $16.0 million to $19.0 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 $70.0 million to $80.0 million. (1)