Overview

* Stride Q4 revenue rises 22.4%, beating analyst expectations, per LSEG data

* Adjusted EPS for Q4 beats consensus, reflecting strong operational performance

* Co's adjusted EBITDA for Q4 exceeds estimates, driven by increased enrollments

Outlook

* Company did not provide specific guidance for future quarters or fiscal year in its press release

* Company notes potential revenue impact from changes in enrollment mix

Result Drivers

* ENROLLMENT GROWTH - Career Learning enrollments increased by 33.2% in Q4, driving revenue growth

* REVENUE PER ENROLLMENT - Revenue per enrollment rose 2.4% in Q4, contributing to overall revenue increase

* IMPAIRMENT CHARGES - One-time impairment charges for Galvanize business impacted GAAP results

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 Beat $653.65 $626.30

Revenue mln mln (5

Analysts

)

Q4 Beat $2.29 $1.74 (5

Adjusted Analysts

EPS )

Q4 EPS $1.03

Q4 Net $51.30

Income mln

Q4 Beat $158.41 $150.70

Adjusted mln mln (4

EBITDA Analysts

)

Q4 Beat $130.60 $114.80

Adjusted mln mln (4

Operatin Analysts

g Income )

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the miscellaneous educational service providers peer group is "buy"

* Wall Street's median 12-month price target for Stride Inc ( LRN ) is $163.00, about 20.1% above its August 4 closing price of $130.31

* The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)