NASDAQ$STRA

Strategic Education Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Strategic Education reported third quarter results, with revenue increasing but income from operations and net income decreasing compared to the same period in 2020, as the U.S. Higher Education segment faced pandemic-related challenges while the Alternative Learning segment showed strong performance.

Strategic Education's Q3 2021 results showed revenue growth driven by the Alternative Learning segment, but overall profitability was impacted by challenges in the U.S. Higher Education segment due to pandemic-related effects.

  • Revenue increased by 13.0% to $270.1 million compared to Q3 2020.
  • Income from operations decreased to $7.3 million, or 2.7% of revenue, compared to $15.4 million, or 6.5% of revenue in Q3 2020.
  • Net income decreased to $3.9 million compared to $11.0 million in the same period of 2020.
  • The U.S. Higher Education segment faced challenges due to pandemic-related impacts, while the Alternative Learning segment showed strong performance.

Headline financials

Total Revenue

$270M

Previous: $239M+13.0%
EPS (adj)

$0.59

Previous: $1.18-50.0%
Workforce Edge Agreements

22

No prior period
Bad Debt % of Revenue

3.8%

Previous: 4.7%-19.1%
Capital Expenditures

-$33.6M

Previous: -$34.8M+3.3%
Free Cash Flow

-$29.8M

Previous: -$23.8M-25.0%
Net Income

$3.85M

Previous: $11M-64.8%
Operating Income

$7.35M

Previous: $15.4M-52.4%
Gross Profit

$116M

Previous: $112M+4.1%
Cash & Equivalents

$275M

Previous: $718M-61.7%
Total Assets

$2.32B

Previous: $2.05B+13.1%
Stock-Based Comp

$4.65M

Previous: $3.88M+19.9%

Revenue & EPS history

Strategic Education · Revenue · Quarterly

$270M

Q3 2021+13%vs Q3 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Strategic Education · $192M total across 1 segment · Q3 2021

  • U.S. Higher Education
    $192M

Forward guidance

The report does not contain forward guidance.

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 Q3 2021

Historical avgQ3 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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