NYSE$LRN
Stride Inc. · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Stride's Q3 2022 results were announced, showing revenue growth driven by strong enrollment and adult learning.
Stride, Inc. reported a revenue of $421.7 million, compared to $392.1 million in 2021. Net income was $42.9 million, compared to $23.8 million in the previous year. Diluted net income per share was $1.02, compared to $0.57 in 2021.
- Revenue increased to $421.7 million, compared to $392.1 million in the prior year.
- Income from operations grew to $60.6 million, compared to $38.6 million year-over-year.
- Net income reached $42.9 million, compared to $23.8 million in the previous year.
- Diluted net income per share was $1.02, compared to $0.57 year-over-year.
Headline financials
Revenue & EPS history
Stride · Revenue · Quarterly
$422M
Revenue by segment
Stride · $399M total across 2 segments · Q3 2022
- General Education$316M-2.0%79.1%
- Career Learning - Middle/High School$83.2M—20.9%
Forward guidance
The Company is updating and raising its forecast for the full fiscal year 2022. Revenue in the range of $1.645 billion to $1.660 billion. Adjusted operating income in the range of $180 million to $185 million.
Tailwinds
- Revenue in the range of $1.645 billion to $1.660 billion.
- Capital expenditures in the range of $65 million to $70 million.
- Effective tax rate of 27% to 29%.
- Adjusted operating income in the range of $180 million to $185 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 Q3 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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