STRIDE’s Fourth Quarter Earnings Show 6.2% Increase in Revenue for Fiscal Year 2023
August 19, 2023
☀️Earnings Overview
For the fiscal year ending June 30 2023, STRIDE ($NYSE:LRN) reported total revenue of USD 483.5 million, a 6.2% increase from the previous year. Additionally, net income rose 54.4% compared to the same period in the prior year, amounting to USD 43.4 million.
Analysis
GoodWhale has conducted an analysis of STRIDE‘s wellbeing and the results indicate that STRIDE is a medium risk investment in terms of financial and business aspects. Risk Rating has determined this rating based on its evaluation of STRIDE’s income sheet, balance sheet, and other financials. GoodWhale detected two risk warnings in the income sheet and balance sheet that could impact STRIDE’s success. To view this information in more detail, users must become a registered user on GoodWhale. This will allow them to access more detailed reports on STRIDE’s performance and investment potential. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Stride. More…
| Total Revenues | Net Income | Net Margin |
| 1.84k | 126.87 | 6.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Stride. More…
| Operations | Investing | Financing |
| 203.15 | -118.24 | -63.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Stride. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.76k | 813.37 | 22.01 |
Key Ratios Snapshot
Some of the financial key ratios for Stride are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.9% | 72.1% | 9.8% |
| FCF Margin | ROE | ROA |
| 7.4% | 12.2% | 6.4% |
Peers
The company operates online and offline universities and colleges. As of March 31, 2019, the company operated 85 campuses in 29 states of the United States and Puerto Rico and enrolled approximately 75,200 students. The company’s primary competitors are Cogna Educacao SA, Perdoceo Education Corp, and Grand Canyon Education Inc.
– CognaEducacao SA ($OTCPK:COGNY)
Cogna Educacao SA is a leading provider of educational services in Brazil. The company offers a wide range of educational services, including primary and secondary education, higher education, and vocational training. Cogna Educacao SA has a market cap of 1.05B as of 2022 and a return on equity of 2.54%. The company’s primary and secondary education segment provides educational services to students aged 3 to 17 years. The higher education segment offers educational services to students aged 18 years and above. The vocational training segment provides vocational training to students aged 18 years and above.
– Perdoceo Education Corp ($NASDAQ:PRDO)
Perdoceo Education Corp has a market cap of 771.07M as of 2022, a Return on Equity of 16.14%. The company provides higher education services and products to colleges and universities. It offers online and on-campus undergraduate and graduate programs, as well as professional development courses. The company was founded in 1892 and is headquartered in Boston, Massachusetts.
– Grand Canyon Education Inc ($NASDAQ:LOPE)
As of 2022, Canyon Education Inc has a market cap of 2.8B and a ROE of 33.2%. The company provides educational services to students through its online platform. Canyon Education Inc has a strong market position and is well-positioned to continue its growth in the online education space.
Summary
STRIDE‘s fiscal year 2023 fourth quarter earnings results were positive, with total revenue of USD 483.5 million and net income of USD 43.4 million. The revenue increase of 6.2% was largely driven by a 54.4% year over year increase in net income. These impressive results suggest that investing in STRIDE may be a lucrative opportunity for investors, as the company continues to grow and generate returns. The company’s future looks bright and investors should consider the potential gains to be made from investing in the stock.
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