STRATEGIC EDUCATION Reports FY2023 Q2 Results on July 27 2023
August 3, 2023
🌥️Earnings Overview
Strategic Education ($NASDAQ:STRA) announced their results for the second quarter of FY2023, ending on June 30 2023, on July 27 2023. Total revenue was reported to be USD 287.7 million, showing a 5.2% increase from the same quarter of the previous year. Nevertheless, net income reported for this period was USD 14.2 million, reflecting a 6.5% decrease from the same quarter in the prior year.
Stock Price
On Thursday, July 27, 2023, STRATEGIC EDUCATION released their financial report for the second quarter of the fiscal year 2023. According to the report, the company’s stock opened at $72.2 and closed at $73.5, an increase of 5.4% from the last closing price of 69.7. The results for STRATEGIC EDUCATION’s second quarter of FY2023 were promising. With strong returns and increased investor confidence, the company’s stock was able to rise significantly throughout the day.
Overall, STRATEGIC EDUCATION’s second quarter financial reports have proven to be successful. With a healthy rise in their stock and an increase in revenue, the company is on track to have a successful fiscal year. Investors will be watching to see how the company’s performance continues to develop over the remainder of FY2023 and beyond. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Strategic Education. More…
| Total Revenues | Net Income | Net Margin |
| 1.08k | 36.62 | 4.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Strategic Education. More…
| Operations | Investing | Financing |
| 86.11 | -34.3 | -129.05 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Strategic Education. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.14k | 543.51 | 65.01 |
Key Ratios Snapshot
Some of the financial key ratios for Strategic Education are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.6% | -28.1% | 5.7% |
| FCF Margin | ROE | ROA |
| 4.4% | 2.4% | 1.8% |
Analysis
At GoodWhale, we take a comprehensive look at the financials of STRATEGIC EDUCATION. After analyzing the company through our proprietary Star Chart tool, we found that it has a high health score of 8/10 considering its cashflows and debt. This means that STRATEGIC EDUCATION is capable to sustain future operations in times of crisis. When further inspecting the star chart, we could determine that STRATEGIC EDUCATION is strong in liquidity, and medium in asset, dividend, growth, and profitability. This leads us to classify STRATEGIC EDUCATION as a ‘cow’ type of company; one that has the track record of paying out consistent and sustainable dividends. Therefore, investors looking for reliable, long-term returns should take a closer look at STRATEGIC EDUCATION. The company has the potential to be a good addition to their portfolio. More…
Peers
The company operates a network of schools, colleges and universities across the two countries. Strategic Education Inc is a publicly listed company on the Australian Securities Exchange and is a member of the S&P/ASX 200 index. The company’s major competitors are Top Education Group Ltd, Academies Australasia Group Ltd and Dadi Education Holdings Ltd.
– Top Education Group Ltd ($SEHK:01752)
The company has a market capitalization of 150.85 million as of 2022 and a return on equity of -1.05%. The company is engaged in the provision of educational services. It offers a range of services, including online and offline education, tutoring, and test preparation. The company has a wide network of schools and colleges across the world. It has a strong presence in China, with over 60% of its students coming from the country. The company is listed on the New York Stock Exchange.
– Academies Australasia Group Ltd ($ASX:AKG)
Academies Australasia Group Ltd is a provider of vocational and higher education. The company has a market capitalization of 49.77 million as of 2022 and a return on equity of -3.54%. The company offers a range of programs in areas such as business, management, accounting, hospitality, and information technology.
– Dadi Education Holdings Ltd ($SEHK:08417)
Dadi Education Holdings Ltd is a publicly traded company with a market capitalization of $29.76 million as of March 2022. The company operates in the education industry and provides educational services and products in China. Dadi Education Holdings Ltd has a negative return on equity of 7.15%. This is due to the company’s high debt levels and operating losses.
Summary
STRATEGIC EDUCATION Inc. reported its financial results for the second quarter of fiscal year 2023 ending June 30, 2023. Total revenue was up 5.2% year-over-year to USD 287.7 million. Despite this revenue increase, net income decreased by 6.5%, falling to USD 14.2 million.
The stock price experienced an uptick on the same day, indicating that investors are generally positive on Strategic Education’s outlook despite the year-over-year decline in net income. Investors may be encouraged by the revenue growth and potential for further expansion as the company continues to focus on its strategy of providing higher education and career training to adult learners.
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