Have you been paying attention to shares of K12 (LRN) ? Shares have been on the move with the stock up 19.6% over the past month. The stock hit a new 52-week high of $82.12 in the previous session. K12 has gained 38.1% since the start of the year compared to the -5.4% move for the Zacks Consumer Discretionary sector and the 0.7% 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 consens ...

Investors with an interest in Schools stocks have likely encountered both K12 (LRN) and Bright Horizons Family Solutions (BFAM) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank emphasizes companies ...

After reaching an important support level, K12 (LRN) could be a good stock pick from a technical perspective. LRN surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend. The 20-day simple moving average is a popular trading tool. It provides a look back at a stock's price over a 20-day period, and is beneficial to short-term traders since it smooths out price fluctuations and provides more trend reversal signals than longer-term moving averages. The 20-day moving average ca ...

Stride, Inc. (NYSE:LRN) Q4 2024 Earnings Conference Call August 6, 2024 5:00 PM ET Company Participants Timothy Casey - Vice President of Investor Relations James Rhyu - Chief Executive Officer Donna Blackman - Chief Financial Officer Conference Call Participants Gregory Parrish - Morgan Stanley Jeffrey Silber - BMO Capital Markets Patrick McIlwee - William Blair & Co. Operator Good afternoon, and welcome to the Stride Fourth Quarter Fiscal 2024 Earnings Call. Please note that this call is being recorded. A ...

K12 (LRN) came out with quarterly earnings of $1.42 per share, beating the Zacks Consensus Estimate of $1.30 per share. This compares to earnings of $1.01 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 9.23%. A quarter ago, it was expected that this online education company would post earnings of $1.47 per share when it actually produced earnings of $1.60, delivering a surprise of 8.84%. Over the last four quarters, the comp ...

| --- | --- | |--------------------------------------|-------| | | | | Q4 FY2024 | | | Earnings Presentation August 6, 2024 | | | | | Safe Harbor This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this presentation are forward-looking statements. We have tried, whenever possible, to identify these forward ...

Table of Contents tec UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | --- | --- | --- | |-----------------------------------------|---------------------------------------------------------------|----------------------------------------|---- ...

Revenue Growth - Revenue for fiscal year 2024 increased by 11.0% to $2,040.1 million compared to $1,837.4 million in 2023[1] - Fourth quarter revenue for fiscal year 2024 increased by 10.5% to $534.2 million from $483.5 million in 2023[2] - General Education revenue for fiscal year 2024 increased by 13.9% to $1,289.2 million from $1,131.4 million in 2023[4] - Career Learning revenue for fiscal year 2024 increased by 6.4% to $750.9 million from $705.9 million in 2023[4] - Revenues for Q2 2024 increased to $534.2 million, up 10.5% from $483.5 million in Q2 2023[14] - Full-year 2024 revenues reached $2.04 billion, up 11% from $1.84 billion in 2023[14] Net Income and Earnings Per Share - Net income for fiscal year 2024 rose by 60.9% to $204.2 million from $126.9 million in 2023[1] - Diluted net income per share for fiscal year 2024 grew by 57.9% to $4.69 from $2.97 in 2023[1] - Fourth quarter net income for fiscal year 2024 rose by 44.8% to $62.8 million from $43.4 million in 2023[3] - Net income for Q2 2024 rose to $62.8 million, a 44.8% increase from $43.4 million in Q2 2023[14] Adjusted EBITDA and Operating Income - Adjusted EBITDA for fiscal year 2024 increased by 31.9% to $390.7 million compared to $296.2 million in 2023[1] - Adjusted EBITDA for Q2 2024 was $101.9 million, a 21.8% increase from $83.6 million in Q2 2023[23] - Full-year 2024 adjusted operating income grew to $293.9 million, up 46.2% from $201.0 million in 2023[22] - Adjusted EBITDA rose to $112,087 from $88,772, a 26.3% increase[24] - Year-to-date Adjusted EBITDA grew to $390,745 from $296,177, a 31.9% increase[24] Enrollment and Assets - Average enrollment for fiscal year 2024 increased by 9.0% to 194.3 thousand from 178.2 thousand in 2023[5] - Total assets grew to $1.92 billion as of June 30, 2024, up 9.1% from $1.76 billion in 2023[15] Cash and Marketable Securities - Cash and cash equivalents and marketable securities as of June 30, 2024, totaled $714.2 million, up from $545.5 million in 2023[8] - Cash and cash equivalents increased to $500.6 million as of June 30, 2024, up 21.8% from $410.8 million in 2023[15] - Marketable securities increased to $191.7 million as of June 30, 2024, up 71.2% from $111.9 million in 2023[15] Stock-Based Compensation - Stock-based compensation expense for 2024 was $31.5 million, a 54.9% increase from $20.3 million in 2023[17] - Stock-based compensation expense increased to $10,190 from $5,124, a 98.9% increase[24] - Year-to-date stock-based compensation expense reached $31,462 compared to $20,320, a 54.8% increase[24] Capitalized Software Development Costs - Capitalized software development costs for 2024 totaled $40.7 million, a 9.6% decrease from $45.0 million in 2023[17]

RESTON, Va., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Stride, Inc. (NYSE: LRN), one of the nation's most successful technology-based education companies, today announced its results for the fourth quarter and full fiscal year ended June 30, 2024. Fiscal 2024 Highlights Compared to 2023 Revenue of $2,040.1 million, compared with $1,837.4 million. Income from operations of $249.6 million, compared with $165.5 million. Net income of $204.2 million, compared with $126.9 million. Diluted net income per share of $4.69, ...

RESTON, Va., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Stride, Inc. (NYSE: LRN), one of the nation's most successful technology-based education companies, today announced its results for the fourth quarter and full fiscal year ended June 30, 2024. Fiscal 2024 Highlights Compared to 2023 Revenue of $2,040.1 million, compared with $1,837.4 million. Income from operations of $249.6 million, compared with $165.5 million. Net income of $204.2 million, compared with $126.9 million. Diluted net income per share of $4.69, ...