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Dec 31, 2020
Stride Q2 2021 Earnings Report
Reported a 46% revenue increase and a nearly 60% year-over-year enrollment growth.
Key Takeaways
Stride, Inc. announced its second fiscal quarter results with revenues increasing by 46% to $376.1 million compared to the previous year. Total enrollments reached 191.5 thousand, marking a nearly 60% year-over-year increase. Net income was reported at $24.5 million, or $0.60 per share.
Revenues increased 46% to $376.1 million compared to $257.6 million in the prior year.
Total enrollments reached 191.5 thousand, up nearly 60% year-over-year.
Net income was $24.5 million, compared to $20.6 million in the prior year.
Diluted net income per share was $0.60, compared to $0.52 in the prior year.
Revenue by Segment
Forward Guidance
The Company is updating its outlook for the third quarter and full fiscal year 2021.
Positive Outlook
- Revenue in the range of $1.500 billion to $1.525 billion for full fiscal year 2021.
- Capital expenditures in the range of $50 million to $60 million for full fiscal year 2021.
- Tax rate of 26% to 29% after discrete items for full fiscal year 2021.
- Adjusted operating income in the range of $145 million to $155 million for full fiscal year 2021.
- Revenue in the range of $375 million to $385 million for the third quarter, fiscal 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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