Stride Stock Surges 18 percent Following Q1 Beat and Strong Guidance

Following the announcement of its Q1 results, Stride (NYSE:LRN) saw its shares spike over 18% intra-day today. The company reported an EPS of $0.11, which exceeded the expected ($0.42) consensus.
Year-over-year revenue experienced a 12.9% growth, reaching $480.2 million. This growth was largely attributed to the robust enrollment in General Education and Career Learning. The revenue surpassed the anticipated $457.7 million consensus.
Stride forecasts its Q2/24 revenues to be between $490.0 million and $510.0 million, outperforming the projected $484.4 million consensus. For the entire fiscal year, the company projects its revenues to range from $1.96 billion to $2.03 billion, which is above the $1.94 billion Street estimate.

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