NASDAQ$STRA
Strategic Education Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Announced financial results for the period ended March 31, 2024, with strength across the business and commitment to student success.
Strategic Education reported strong growth in the U.S. Higher Education segment, driven by employer-affiliated enrollment, continued strength in the Education Technology Services segment, and a return to total enrollment growth in the Australia/New Zealand segment.
- U.S. Higher Education segment delivered strong growth due to employer affiliated enrollment.
- Education Technology Services segment saw continued strength, including from Sophia subscriptions.
- Australia/New Zealand segment returned to total enrollment growth.
- Cash provided by operations was $77.6 million, compared to $35.2 million for the same period in 2023.
Headline financials
Revenue & EPS history
Strategic Education · Revenue · Quarterly
$290M
Revenue by segment
Strategic Education · $223M total across 2 segments · Q3 2023
- U.S. Higher Education$202M+8.8%90.6%
- Education Technology Services$20.8M+26.7%9.4%
Forward guidance
This communication contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+0.7%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+2.6%
Avg return
30 days after
54%
37 / 68 earnings
Positive
+38.1%
Q4 2013
Best reaction
-23.2%
Q3 2013
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -13.7% | -7.0% | -6.1% | |
| Q4 2025 | +4.8% | +4.1% | +3.9% | |
| Q3 2025 | +0.9% | +7.4% | +7.2% | |
| Q1 2025 | -0.2% | +2.5% | +9.1% | |
| Q4 2024 | -18.5% | -16.9% | -12.5% | |
| Q3 2024 | +3.6% | +1.6% | +1.8% | |
| Q2 2024 | -19.8% | -22.0% | -20.1% | |
| Q1 2024 | +20.3% | +14.1% | +14.1% | |
| Q4 2023 | +14.3% | +11.2% | +9.5% | |
| Q3 2023 | +5.1% | +6.5% | +8.4% | |
| Q2 2023 | +7.7% | +7.6% | +12.3% | |
| Q1 2023 | -4.8% | -10.6% | -14.1% | |
| Q4 2022 | -8.4% | -7.4% | -7.0% | |
| Q3 2022 | +11.9% | +17.1% | +20.5% | |
| Q2 2022 | +4.8% | +3.1% | -3.2% | |
| Q1 2022 | -7.6% | -7.2% | -4.2% | |
| Q4 2021 | +17.9% | +20.8% | +34.8% | |
| Q3 2021 | -8.2% | -11.9% | -23.0% | |
| Q2 2021 | +11.1% | +9.3% | +6.4% | |
| Q1 2021 | -9.3% | -6.3% | -14.4% | |
| Q4 2020 | -4.4% | -12.6% | +2.9% | |
| Q3 2020 | -12.5% | -10.0% | -6.8% | |
| Q2 2020 | -17.9% | -26.4% | -36.6% | |
| Q1 2020 | +6.1% | -0.5% | +13.0% | |
| Q4 2019 | +2.0% | +6.2% | -13.6% | |
| Q3 2019 | +9.7% | +13.3% | +19.4% | |
| Q2 2019 | -2.8% | -8.1% | -7.0% | |
| Q1 2019 | +13.4% | +16.5% | +22.8% | |
| Q4 2018 | +8.7% | +6.5% | +0.4% | |
| Q3 2018 | +4.5% | +6.2% | -10.9% | |
| Q2 2018 | +7.3% | +4.5% | +17.8% | |
| Q1 2018 | +3.6% | +0.9% | +5.6% | |
| Q4 2017 | +0.0% | +8.4% | +12.7% | |
| Q3 2017 | +2.2% | +2.4% | +7.5% | |
| Q2 2017 | -12.0% | -12.4% | -11.6% | |
| Q1 2017 | +5.0% | +5.5% | +2.8% | |
| Q4 2016 | -3.6% | -6.1% | -1.8% | |
| Q3 2016 | +23.8% | +24.6% | +58.4% | |
| Q2 2016 | -8.1% | -5.9% | +1.6% | |
| Q1 2016 | -8.7% | — | — | |
| Q4 2015 | -16.7% | — | — | |
| Q3 2015 | -8.9% | — | — | |
| Q2 2015 | +33.7% | — | — | |
| Q1 2015 | -2.1% | — | — | |
| Q4 2014 | -10.4% | — | — | |
| Q3 2014 | +9.8% | — | — | |
| Q2 2014 | +9.3% | — | — | |
| Q1 2014 | +20.7% | — | — | |
| Q4 2013 | +38.1% | — | — | |
| Q3 2013 | -23.2% | — | — | |
| Q2 2013 | -10.5% | — | — | |
| Q1 2013 | -6.0% | — | — | |
| Q4 2012 | -18.8% | — | — | |
| Q3 2012 | -17.2% | — | — | |
| Q2 2012 | -0.5% | — | — | |
| Q1 2012 | -0.2% | — | — | |
| Q4 2010 | +0.9% | — | — | |
| Q4 2011 | +0.9% | — | — | |
| Q3 2011 | +1.2% | — | — | |
| Q2 2011 | -3.9% | — | — | |
| Q1 2010 | -1.6% | — | — | |
| Q1 2011 | +0.9% | — | — | |
| Q4 2008 | -0.9% | — | — | |
| Q3 2010 | +9.1% | — | — | |
| Q3 2009 | +9.1% | — | — | |
| Q2 2009 | +1.8% | — | — | |
| Q4 2009 | +1.8% | — | — | |
| Q2 2010 | +1.8% | — | — |
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