Earnings Preview: Stride
Portfolio Pulse from Benzinga Insights
Stride (NYSE:LRN) is expected to report an EPS of $1.31 in its upcoming quarterly earnings on Tuesday, 2024-01-23. Investors are looking for a beat on this estimate and positive guidance for future growth. Historically, Stride has seen significant share price movements following earnings beats, with last quarter's beat resulting in an 18.02% share price increase. Over the past year, Stride's shares have risen by 95.72%, indicating a bullish sentiment among long-term shareholders.
January 22, 2024 | 4:01 pm
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Stride (LRN) is anticipated to report a quarterly EPS of $1.31. A history of positive earnings surprises has led to substantial stock gains, with the last beat causing an 18.02% rise. Shares have increased 95.72% over the past year, suggesting a strong bullish trend.
Stride's history of beating earnings estimates and the subsequent positive stock price reactions suggest a high likelihood of a similar outcome if they beat the EPS estimate again. The stock's strong performance over the past year further supports investor confidence and could lead to a short-term price increase if the earnings report is favorable.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100