Stride Announces Plan To Continue Record Growth Of General Education And Career Programs While Expanding Into New Markets; Sees FY28 Revenue $2.7B-$3.3B; FY28 EPS $6.15-$8.35; FY28 Adj. Operating Income Of $415M-$585M
Portfolio Pulse from Benzinga Newsdesk
Stride Inc. (NYSE:LRN), a leading technology-based education company, hosted an Investor Day where it presented its long-term strategy and financial targets for FY2028. The company expects to see revenue between $2.7B and $3.3B, adjusted operating income between $415M and $585M, and earnings per share (EPS) between $6.15 and $8.35. Stride's CEO, James Rhyu, expressed confidence in the company's growth trajectory, its ability to introduce new products, and enter new markets to serve more students and drive shareholder value.
November 14, 2023 | 10:27 pm
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POSITIVE IMPACT
Stride Inc. has announced its financial targets for FY2028, projecting significant growth in revenue, operating income, and EPS. The company's focus on expanding its general education and career programs, as well as entering new markets, indicates a strong growth potential.
The announcement of Stride's long-term financial goals is a strong positive signal to investors, suggesting that the company is confident in its ability to grow and expand. The specific revenue and EPS targets for FY2028 are likely to be viewed favorably by the market, potentially leading to a short-term positive impact on the stock price. The confidence score is not at the maximum due to the long-term nature of the projections and the inherent uncertainties in forecasting.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100