NYSE$LRN
Stride Inc. · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported increased revenue driven by Career Learning enrollments and improved gross margins.
Stride, Inc. reported an 8.9% increase in revenue for the second fiscal quarter ended December 31, 2021, driven by continued strength in middle and high school Career Learning enrollments, growth in Adult Learning, and increases in revenue per enrollment. Net income increased by 71.4% compared to the previous year, and diluted net income per share increased from $0.60 to $1.00.
- Revenue increased to $409.5 million, compared to $376.1 million in the prior year.
- Income from operations was $56.9 million, compared to $38.5 million in the prior year.
- Net income was $42.0 million, compared to $24.5 million in the prior year.
- Diluted net income per share was $1.00, compared to $0.60 in the prior year.
Headline financials
Revenue & EPS history
Stride · Revenue · Quarterly
$410M
Revenue by segment
Stride · $389M total across 2 segments · Q2 2022
- General Education$313M-0.2%80.6%
- Career Learning - Middle/High School$75.3M—19.4%
Forward guidance
The Company is raising its forecast for the full fiscal year 2022 and forecasting for the third quarter fiscal 2022.
Tailwinds
- Revenue in the range of $1.62 billion to $1.64 billion for full fiscal year 2022.
- Capital expenditures in the range of $65 million to $75 million for full fiscal year 2022.
- Effective tax rate of 27% to 30% for full fiscal year 2022.
- Adjusted operating income in the range of $175 million to $185 million for full fiscal year 2022.
- Revenue in the range of $405 million to $415 million for the third quarter fiscal 2022.
Headwinds
- Capital expenditures in the range of $15 million to $18 million for the third quarter fiscal 2022.
- Adjusted operating income in the range of $60 million to $65 million for the third quarter fiscal 2022.
- Reduction of per pupil funding amounts at the schools we serve.
- Inability to achieve a sufficient level of new enrollments to sustain our business model.
- Limitations of the enrollment data we present, which may not fully capture trends in the performance of our business.
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 2022
+1.8%
Avg return
Earnings day
+2.5%
Avg return
5 days after
+2.8%
Avg return
30 days after
58%
37 / 64 earnings
Positive
+38.8%
Q1 2025
Best reaction
-54.3%
Q1 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +2.2% | -0.3% | -1.1% | |
| Q2 2026 | +13.3% | +19.5% | +16.5% | |
| Q1 2026 | -54.3% | -53.3% | -58.6% | |
| Q3 2025 | -0.2% | +12.7% | +6.2% | |
| Q2 2025 | +6.0% | +14.1% | +13.4% | |
| Q1 2025 | +38.8% | +41.2% | +60.0% | |
| Q4 2024 | +9.6% | +15.1% | +14.2% | |
| Q3 2024 | +8.8% | +15.5% | +23.0% | |
| Q2 2024 | -2.0% | -3.0% | -10.0% | |
| Q1 2024 | +19.9% | +24.3% | +34.2% | |
| Q4 2023 | +3.0% | +4.7% | +14.7% | |
| Q3 2023 | +12.2% | +12.8% | +5.7% | |
| Q2 2023 | +25.6% | +26.0% | +32.9% | |
| Q1 2023 | -29.1% | -28.4% | -23.0% | |
| Q4 2022 | -12.7% | -15.9% | -8.4% | |
| Q3 2022 | +16.5% | +5.7% | +4.1% | |
| Q2 2022 | +22.5% | +25.0% | +21.1% | |
| Q1 2022 | +6.2% | +0.6% | +11.0% | |
| Q4 2021 | +7.6% | +15.8% | +10.2% | |
| Q3 2021 | -2.0% | +2.5% | -8.6% | |
| Q2 2021 | -1.8% | +1.7% | -0.9% | |
| Q1 2021 | +0.8% | -16.8% | -19.8% | |
| Q4 2020 | -6.1% | -4.7% | -36.4% | |
| Q3 2020 | -10.5% | -6.6% | -1.5% | |
| Q2 2020 | -15.6% | -18.1% | -17.0% | |
| Q1 2020 | -16.8% | -15.3% | -20.0% | |
| Q4 2019 | -6.8% | -1.1% | -8.0% | |
| Q3 2019 | -11.4% | -11.6% | -10.4% | |
| Q2 2019 | +15.8% | +14.9% | +27.6% | |
| Q1 2019 | +22.5% | +28.5% | +36.4% | |
| Q4 2018 | +11.5% | +8.3% | +4.8% | |
| Q3 2018 | +10.7% | +11.5% | +15.1% | |
| Q2 2018 | +8.0% | +5.0% | -7.0% | |
| Q1 2018 | -4.4% | -10.0% | -11.5% | |
| Q4 2017 | -6.8% | -5.9% | -2.8% | |
| Q3 2017 | -7.7% | -0.3% | -5.9% | |
| Q2 2017 | +15.4% | +17.4% | +6.5% | |
| Q1 2017 | -22.1% | -24.6% | +1.3% | |
| Q4 2016 | -10.9% | -8.3% | +1.9% | |
| Q3 2016 | +17.3% | — | — | |
| Q2 2016 | +18.0% | — | — | |
| Q1 2016 | -15.3% | — | — | |
| Q4 2015 | +0.9% | — | — | |
| Q3 2015 | +10.5% | — | — | |
| Q2 2015 | +28.7% | — | — | |
| Q1 2015 | -18.2% | — | — | |
| Q4 2014 | -12.3% | — | — | |
| Q3 2014 | +10.7% | — | — | |
| Q2 2014 | -8.2% | — | — | |
| Q1 2014 | +9.1% | — | — | |
| Q4 2013 | +13.6% | — | — | |
| Q3 2013 | +3.0% | — | — | |
| Q2 2013 | +4.7% | — | — | |
| Q1 2013 | -1.3% | — | — | |
| Q4 2012 | +11.1% | — | — | |
| Q4 2010 | +11.1% | — | — | |
| Q3 2011 | +2.0% | — | — | |
| Q3 2012 | -14.8% | — | — | |
| Q2 2011 | -5.8% | — | — | |
| Q2 2012 | -8.8% | — | — | |
| Q1 2011 | +3.6% | — | — | |
| Q4 2011 | +3.6% | — | — | |
| Q1 2012 | -9.6% | — | — | |
| Q3 2010 | +7.1% | — | — |
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