NASDAQ$STRA

Strategic Education Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Second quarter results were reported, with revenue increasing but income from operations and earnings per share decreasing compared to the same period in 2020.

Strategic Education reported a 16.9% increase in revenue to $299.2 million, but income from operations decreased to $26.7 million, and diluted earnings per share decreased to $0.83. The company is focusing on returning Strayer University to growth and investing in Australia/New Zealand and Alternative Learning segments.

  • Revenue increased by 16.9% to $299.2 million.
  • Income from operations was $26.7 million, a decrease from $46.4 million in the same period last year.
  • Diluted earnings per share decreased to $0.83 from $1.55.
  • Alternative Learning segment revenue increased by 52.2% to $12.9 million.

Headline financials

Total Revenue

$299M

Previous: $256M+16.9%
EPS (adj)

$1.55

Previous: $2.06-24.8%
Bad Debt % of Revenue

3.3%

No prior period
Capital Expenditures

-$23.1M

Previous: -$25.5M+9.1%
Free Cash Flow

-$3.16M

Previous: $8.69M-136.4%
Net Income

$20M

Previous: $34.2M-41.5%
Operating Income

$26.7M

Previous: $46.4M-42.5%
Gross Profit

$146M

Previous: $130M+12.2%
Cash & Equivalents

$262M

Previous: $470M-44.4%
Total Assets

$2.36B

Previous: $1.79B+31.9%
Stock-Based Comp

$4.17M

Previous: $3.86M+8.0%

Revenue & EPS history

Strategic Education · Revenue · Quarterly

$299M

Q2 2021+16.9%vs Q2 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Strategic Education · $212M total across 1 segment · Q2 2021

  • U.S. Higher Education
    $212M

Forward guidance

Capital expenditures for 2021 are expected to be $50 million to $55 million.

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 Q2 2021

Historical avgQ2 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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