NASDAQ$STRA

Strategic Education Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

reported fourth quarter 2020 results, showing a solid financial foundation entering 2021

Strategic Education's Q4 2020 revenue increased by 1.4% to $267.5 million, and net income was $5.9 million, compared to $28.5 million for the same period in 2019. Diluted earnings per share was $0.25, compared to $1.29 for the same period in 2019. The results reflect the impact of the Australia/New Zealand acquisition and various adjustments, including amortization and restructuring costs.

  • Revenue increased 1.4% to $267.5 million compared to the same period in 2019.
  • Net income was $5.9 million in 2020 compared to $28.5 million for the same period in 2019.
  • Diluted earnings per share was $0.25 compared to $1.29 for the same period in 2019.
  • Student enrollment at Capella University increased 5% to 41,073 compared to 39,244 for the same period in 2019.

Headline financials

Total Revenue

$267M

Previous: $264M+1.4%
EPS (adj)

$1.39

Previous: $2.13-34.7%
Capital Expenditures

$12M

Previous: $10.9M+10.1%
Free Cash Flow

-$27.9M

Previous: $49.8M-156.0%
Net Income

$5.92M

Previous: $28.5M-79.3%
Operating Income

$3.61M

Previous: $37.2M-90.3%
Gross Profit

$120M

Previous: $130M-7.6%
Cash & Equivalents

$188M

Previous: $420M-55.3%
Total Assets

$2.3B

Previous: $1.79B+28.3%
Stock-Based Comp

$3.85M

Previous: $3.09M+24.8%

Revenue & EPS history

Strategic Education · Revenue · Quarterly

$267M

Q4 2020+1.4%vs Q4 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Strategic Education · $223M total across 2 segments · Q3 2023

  • U.S. Higher Education
    $202M+8.8%
  • Education Technology Services
    $20.8M+26.7%

Forward guidance

Strategic Education anticipates capital expenditures of approximately $55 million for 2021.

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 Q4 2020

Historical avgQ4 2020

+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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