Why Stride Stock Jumped 19.4% This Week
Shares of Stride (NYSE: LRN) were up 19.4%, according to data provided by S&P Global Market Intelligence, after the online education platform company announced better-than-expected fiscal first-quarter results.
Indeed, the bulk of Stride's pop this week came on Wednesday, the first trading day after its quarterly update hit the wires.
For its fiscal first-quarter 2024 ended Sept. 30, 2023, Stride's revenue grew 12.9% year over year to $480.2 million, well above Wall Street's consensus estimates of $450.8 million. On the bottom line, Stride achieved net income of $4.9 million, or $0.11 per share, swinging from a loss of $0.54 per share in the same year-ago period. Analysts, on average, were anticipating a quarterly loss of $0.30 per share.
Source Fool.com
Stride Inc. Stock
Stride Inc. is currently one of the favorites of our community with 15 Buy predictions and no Sell predictions.
At the moment Stride Inc. has reached the predicted target price of 67 €, with a current price of 66.5 €.
