Online education Stride (NYSE:LRN) will be announcing earnings results this Tuesday after market close. Here's what you need to know.
Stride beat analysts' revenue expectations last quarter, reporting revenues of $636.1 million, down 2.7% year on year. It was a very strong quarter for the company, with a beat of analysts' EPS estimates.
Is Stride a buy or sell going into earnings? Read our full analysis here, it's free for active Edge members .
This quarter, the market is expecting Stride's revenue to be flat year on year, slowing from the 12.7% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Stride has a history of exceeding Wall Street's expectations.
With Stride being the first among its peers to report earnings this season, we don't have anywhere else to look to get a hint at how this quarter will unfold for media & entertainment stocks. However, the whole sector has faced a sell-off over the last month with stocks in Stride's peer group down 3.1% on average. Stride is up 3.7% during the same time .
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