Stride Q1 revenue and adjusted EPS beat estimates on higher revenue per enrollment
LRN•Stride reported fiscal first-quarter revenue of $639.4 million, up 3% year over year and above the $615.63 million consensus estimate; adjusted EPS was $1.37, also beating estimates, while net income fell 6% to $64.9 million. The company forecast fiscal 2027 revenue of $2.53 billion to $2.61 billion and adjusted operating income of $500 million to $530 million.
1. Quarterly results
Stride’s fiscal first-quarter revenue rose 3% year over year to $639.4 million, exceeding the $615.63 million analyst consensus. Adjusted EPS was $1.37, compared with the $1.005 consensus, while adjusted EPS fell 10% year over year and net income declined 6% to $64.9 million.
2. Outlook and drivers
Stride forecast fiscal 2027 revenue of $2.53 billion to $2.61 billion, adjusted operating income of $500 million to $530 million and an effective tax rate of 24% to 26%. The company said higher revenue per enrollment, increased enrollments and growth in Career Learning Middle-High School revenue contributed to growth, partly offset by lower General Education and Adult Career Learning revenue.
