LRN - Why Stride Stock Was Hopping This Week
2024-04-26 07:13:01 ET
Investors could have learned quite a bit about successful stocks this week by following developments with Stride (NYSE: LRN) . The educational services company posted a fresh quarterly earnings report, and both pundits and market participants liked what they heard. As of late Thursday evening, Stride's share price had risen by more than 17% week to date, according to data compiled by S&P Global Market Intelligence .
Stride had a good fiscal third quarter of 2024 , with notable gains in enrollment translating to double-digit rises in both revenue and per-share profitability. The two line items also came in well above the consensus analyst estimates, plus the company raised its full fiscal year guidance for revenue and non-GAAP (adjusted) operating income.
When a publicly traded company delivers a beat-and-raise quarter, analysts following it are often quick to get more bullish on its prospects. So it was with Stride, as several prognosticators made upward revisions to their takes on the stock.
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Why Stride Stock Was Hopping This Week