Strategic Education Q2 revenue beats estimates on education technology growth
STRA•Outlook and key details
The company did not provide specific guidance for the current quarter or full year.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $337.3 million | $327.67 million (3 analysts) |
| Q2 Adjusted EPS | Miss | $1.76 | $1.80 (3 analysts) |
| Q2 EPS | $1.71 | ||
| Q2 Net Income | $37.2 million |
Analyst coverage and valuation
The current average analyst rating on the shares is buy, with the breakdown showing 2 strong buy or buy ratings, 1 hold rating, and no sell or strong sell ratings.
The average consensus recommendation for the miscellaneous educational service providers peer group is buy.
Wall Street's median 12-month price target for Strategic Education Inc is $86.00, about 5.7% above its July 28 closing price of $81.39. The stock recently traded at 11 times the next 12-month earnings versus a P/E of 11 three months ago.
