NASDAQ$STRA

Strategic Education Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Announced fourth quarter 2021 results, demonstrating revenue increase and improved operational efficiency.

Strategic Education, Inc. reported a 1.7% increase in revenue to $272.1 million for the fourth quarter of 2021. Income from operations significantly improved to $27.9 million, and diluted earnings per share rose to $0.90. The Education Technology Services segment saw substantial revenue growth, while the U.S. Higher Education segment experienced a revenue decrease.

  • Consolidated revenue increased by 1.7% to $272.1 million.
  • Income from operations increased to $27.9 million.
  • Diluted earnings per share increased to $0.90.
  • Education Technology Services segment revenue increased by 29.8% to $13.9 million.

Headline financials

Total Revenue

$272M

Previous: $267M+1.7%
EPS (adj)

$1.15

Previous: $1.39-17.3%
Bad Debt % of Revenue

4.5%

No prior period
Capital Expenditures

$15.8M

Previous: $12M+31.4%
Free Cash Flow

$3.56M

Previous: -$27.9M+112.8%
Net Income

$21.7M

Previous: $5.92M+266.4%
Operating Income

$27.9M

Previous: $3.61M+672.3%
Gross Profit

$123M

Previous: $120M+2.3%
Cash & Equivalents

$269M

Previous: $188M+43.4%
Total Assets

$2.31B

Previous: $2.3B+0.4%
Stock-Based Comp

$5.44M

Previous: $3.85M+41.1%

Revenue & EPS history

Strategic Education · Revenue · Quarterly

$272M

Q4 2021+1.7%vs Q4 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Strategic Education · $213M total across 2 segments · Q4 2021

  • U.S. Higher Education
    $199M
  • Education Technology Services
    $13.9M

Forward guidance

Strategic Education is focused on investing in opportunities within its diversified portfolio, including more growth in the Education Technology Services and Australia/New Zealand segments and continued recovery in the U.S. Higher Education segment.

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 2021

Historical avgQ4 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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