Can K12 (LRN) Run Higher on Rising Earnings Estimates?

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].