Core Viewpoint - K12 (LRN) is positioned as a strong investment opportunity due to significant upward revisions in earnings estimates, indicating growing analyst optimism about the company's earnings prospects [1][2]. Earnings Estimates - The current quarter's earnings estimate for K12 is projected at $1.87 per share, reflecting a year-over-year increase of +21.43% [2]. - The Zacks Consensus Estimate for K12 has risen by 13.31% over the past 30 days, with two estimates being revised upward and no negative revisions [2]. - For the full year, the earnings estimate stands at $6.15 per share, representing a +31.13% change from the previous year [3]. - The consensus estimate for the current year has increased by 21.8%, driven by two upward revisions and no negative changes [3]. Zacks Rank - K12 currently holds a Zacks Rank 1 (Strong Buy), indicating a favorable outlook based on the positive estimate revisions [3]. - Stocks with a Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [3]. Stock Performance - K12's stock has appreciated by 10.2% over the past four weeks, driven by strong estimate revisions and increased investor interest [4]. - There is potential for further upside in K12's stock price, suggesting it may be a good addition to investment portfolios [4].

K12 (LRN) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Individual investors often f ...

Have you been paying attention to shares of K12 (LRN) ? Shares have been on the move with the stock up 10.2% over the past month. The stock hit a new 52-week high of $92.75 in the previous session. K12 has gained 55.5% since the start of the year compared to the 4.6% move for the Zacks Consumer Discretionary sector and the 1.1% return for the Zacks Schools industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensu ...

NEW YORK, Oct. 23, 2024 /PRNewswire/ -- Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Stride, Inc. ("Stride" or "the Company") (NYSE: LRN). Investors who purchased Stride securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/LRN.Investigation DetailsOn October 16, 2024, Fuzzy Panda Research published a report on Stride alleging that the Company inflated its earni ...

Core Insights - Tech Elevator is extending a grant opportunity to cover the total tuition cost for 10 Delaware residents for its November 2024 National Live Remote coding bootcamp [1][2] - The initiative is part of Tech Impact's Tech Hire Delaware program, aimed at facilitating career transitions into technology for residents [1][4] - Eligibility for the program includes being 18 years or older, a Delaware resident, having a high school diploma or GED, and being eligible to work in the U.S. [2] Company Overview - Tech Elevator, a Stride, Inc. company (NYSE: LRN), has educated over 3,500 coding bootcamp students and has partnerships with over 900 hiring companies nationwide [3] - The company offers both full-time and part-time coding bootcamps, including immersive online options, to help students from diverse backgrounds become software developers [3] - Tech Elevator's Pathway Program™ assists students in building career-readiness skills and connections to secure meaningful jobs in technology [3] Industry Context - The Tech Hire Delaware initiative, supported by the Delaware Workforce Development Board and the Department of Labor, aims to provide free career training to enhance workforce skills in the state [1][2] - Careers in software development are highlighted for their long-term benefits, including economic mobility, competitive salaries, and flexible job opportunities [2] - Tech Impact, the nonprofit behind the initiative, focuses on leveraging technology for social impact and preparing graduates for careers in technology [4]

Core Insights - IGNITE Pathways has announced a partnership with MedCerts to provide adult learners with access to industry-recognized certifications in healthcare, IT, and other high-demand fields, enhancing its mission of delivering career-focused education [1][2] - The partnership aims to equip students with practical skills and certifications necessary for success in today's competitive job market, offering over 50 certification training programs [1][2] - The collaboration emphasizes not only technical skills but also the importance of soft skills such as communication and teamwork, which are critical in the modern workplace [2] Company Overview - IGNITE Pathways focuses on experiential learning, allowing students to earn college credits or industry certifications, with a mission to transform educational experiences through business collaboration [4] - MedCerts, a Stride Inc. company, is a national online training provider that strengthens the workforce through innovative eLearning solutions, particularly in allied healthcare and IT [5] - Since its inception in 2009, MedCerts has developed over 50 career programs and trained more than 100,000 individuals, partnering with over 400 American Job Centers and more than 1,000 healthcare organizations [6]

K12 (LRN) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 370%. A quarter ago, it was expected that this online education company would post earnings of $1.30 per share when it actually produced earnings of $1.42, delivering a surprise of 9.23%.Over the last four quarters, the company ...

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Oct. 22, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Stride, Inc. (“Stride” or “the Company”) (NYSE: LRN) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Stride investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq. Investors are encouraged to contact attorney Lesley F. ...

Financial Data and Key Metrics Changes - Revenue for Q1 FY 2025 was $551.1 million, representing a 15% increase from Q1 FY 2024 [7] - Adjusted operating income increased to $58.4 million, up 295% year-over-year [7][11] - Diluted earnings per share rose to $0.94, an increase of $0.83 from the previous year [7][11] - Gross margin improved to 39.2%, up 320 basis points from last year [9] Business Line Data and Key Metrics Changes - Career Learning revenue was $198.9 million, up more than 30% year-over-year, with enrollments growing 30.4% to 91,700 [8] - General Education revenue increased by 10% to $329.4 million, with enrollment growth of 11.3% to 130,900 students [8] - Adult Learning revenue decreased to $22.8 million, down from the previous year [9] Market Data and Key Metrics Changes - Total enrollments for the quarter exceeded 222,000, almost 100,000 more than pre-pandemic levels in FY 2020 [7] - Record enrollments were reported with an 18.5% year-over-year growth, marking the highest growth since the company became publicly traded [5][6] Company Strategy and Development Direction - The company aims to continue leading in K-12 education by providing choices and adapting to customer needs [4] - Focus on innovation and technology investment to enhance educational offerings [4] - Plans to maintain strong demand and operational efficiency while managing costs effectively [10][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving fiscal 2028 targets based on current demand trends [7] - The company anticipates a strong year ahead, driven by increasing customer demand and effective marketing strategies [19][30] - Management noted that the loss of ESSER funding would have a minimal impact on profitability and revenue [18][19] Other Important Information - Capital expenditures for the quarter were $14.8 million, down $1.3 million from last year [11] - Free cash flow was negative $156.8 million, consistent with seasonal trends related to school launches [11] Q&A Session Summary Question: Drivers of strong demand and record enrollment - Management indicated that the demand was broad-based, with strong organic growth and word-of-mouth referrals contributing significantly [13] Question: Impact of ESSER funding on revenue and profit - Management stated that the revenue impact from ESSER funding last year was less than 3%, with no significant profit impact [18][19] Question: Future enrollment growth expectations - Management noted that strong demand continues, and while they are not guiding for a specific increase, they are optimistic about maintaining growth [35] Question: State expansion plans - Management confirmed ongoing efforts to expand into new states, although no immediate updates were provided for the current fiscal year [41][42]

Revenue Growth - Revenue for the three months ended September 30, 2024 increased to $551.1 million, up 14.8% from $480.2 million in the prior year[133] - Revenues for the three months ended September 30, 2024 were $551.1 million, a 14.8% increase from $480.2 million in the same period in 2023[151] - Revenues for the three months ended September 30, 2024 increased to $551.1 million from $480.2 million in the prior year, an increase of 14.8%[133] - Revenues for Q3 2024 increased by 14.8% to $551.1 million compared to $480.2 million in Q3 2023[151] Operating Income - Operating income for the three months ended September 30, 2024 rose to $47.3 million, compared to $3.3 million in the prior year[133] - Operating income for the three months ended September 30, 2024 increased to $47.3 million from $3.3 million in the prior year[133] Enrollment Growth - Total enrollments for the three months ended September 30, 2024 were 222.6 thousand, an increase of 34.7 thousand (18.5%) over the prior year[133] - General Education enrollments increased to 130.9 thousand, up 13.3 thousand (11.3%) from the prior year[143] - Career Learning enrollments grew to 91.7 thousand, an increase of 21.4 thousand (30.4%) from the prior year[143] - Total enrollments for the three months ended September 30, 2024 were 222.6 thousand, an increase of 34.7 thousand, or 18.5%, over the prior year[133] - General Education enrollments for the three months ended September 30, 2024 were 130.9 thousand, an increase of 13.3 thousand, or 11.3%, over the prior year[143] - Career Learning enrollments for the three months ended September 30, 2024 were 91.7 thousand, an increase of 21.4 thousand, or 30.4%, over the prior year[143] General Education Revenue - General Education revenue reached $329.4 million, up $30.1 million (10.0%) from the prior year[144] - General Education revenues increased by $30.1 million (10.0%) year over year, driven by an 11.3% increase in enrollments[152] - General Education revenues for the three months ended September 30, 2024 were $329.4 million, an increase of $30.1 million, or 10.0%, over the prior year[144] - General Education revenues grew by 10.0% to $30.1 million, driven by an 11.3% increase in enrollments[152] Career Learning Revenue - Career Learning revenue for middle and high school students increased to $198.9 million, up $47.9 million (31.7%) from the prior year[144] - Total Career Learning revenue was $221.7 million, an increase of $40.8 million (22.6%) from the prior year[144] - Career Learning revenues increased by $40.8 million (22.6%) year over year, primarily due to a 30.4% increase in enrollments[152] - Career Learning revenues for the three months ended September 30, 2024 were $221.7 million, an increase of $40.8 million, or 22.6%, over the prior year[144] - Middle-High School Career Learning revenues for the three months ended September 30, 2024 were $198.9 million, an increase of $47.9 million, or 31.7%, over the prior year[144] - Adult Career Learning revenues for the three months ended September 30, 2024 were $22.8 million, a decrease of $7.1 million, or 23.7%, over the prior year[144] - Career Learning revenues surged by 22.6% to $40.8 million, primarily due to a 30.4% increase in enrollments[152] Net Income - Net income attributable to common stockholders was $40.9 million, or 7.4% of revenues, compared to $4.9 million, or 1.0% of revenues, in the same period in 2023[151] - Net income attributable to common stockholders increased to $40.9 million, or 7.4% of revenues, compared to $4.9 million, or 1.0% in Q3 2023[151] Expenses - Instructional costs and services expenses were $335.2 million, representing 60.8% of revenues, a decrease from 64.0% in the same period in 2023[153] - Selling, general, and administrative expenses were $168.5 million, or 30.6% of revenues, a decrease from 35.3% in the same period in 2023[153] - Instructional costs and services expenses rose by 9.1% to $335.2 million, representing 60.8% of revenues[153] - Selling, general, and administrative expenses decreased by 0.6% to $168.5 million, accounting for 30.6% of revenues[153] Cash Flow - Net cash used in operating activities for the three months ended September 30, 2024 was $142.0 million, an increase of $6.7 million from the same period in 2023[164] - Net cash used in investing activities for the three months ended September 30, 2024 was $20.9 million, an increase of $13.8 million from the same period in 2023[165] - Net cash used in financing activities for the three months ended September 30, 2024 was $20.0 million, an increase of $6.2 million from the same period in 2023[166] - Net cash used in operating activities increased by $6.7 million to $142.0 million, primarily due to changes in working capital[164] - Net cash used in investing activities rose by $13.8 million to $20.9 million, driven by higher net purchases of marketable securities[165] - Net cash used in financing activities increased by $6.2 million to $20.0 million, mainly due to higher repurchase of restricted stock[166] Working Capital - As of September 30, 2024, the company had net working capital of $1,060.7 million, including cash and cash equivalents of $317.8 million and accounts receivable of $675.7 million[156] - The company had net working capital of $1,060.7 million as of September 30, 2024, including $317.8 million in cash and cash equivalents[156] School-as-a-Service Offering - The company provides its school-as-a-service offering to 89 schools in 31 states and the District of Columbia in the General Education market, and 56 schools or programs in 27 states and the District of Columbia in the Career Learning market[131] - The company provides its school-as-a-service offering to 89 schools in 31 states and the District of Columbia in the General Education market, and 56 schools or programs in 27 states and the District of Columbia in the Career Learning market for the 2024-2025 school year[131] Graduation Data - The company graduated 15,987 high school students from its partner schools in the academic year ended June 30, 2024[127]