Strategic Education Inc (NASDAQ: STRA) has reported earnings for its fourth fiscal quarter (ending December 31) of $1.67 versus $0.78 for the same period a year ago — an increase of 114%. This result exceeded the consensus estimate of $1.34 by $0.33. E.P.S. were $2.98 for the latest four quarters through December 31 versus $1.97 for the same period a year ago — an increase of 51%.
Recent Price Action
On 2/29/24, Strategic Education Inc (NASDAQ: STRA) stock enjoyed a major increase of 16.5%, closing at $110.79. Moreover, exceptionally high trading volume at 235% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 18.0% during the last week.
Current PriceTarget Research Rating
STRA is expected to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Strategic Education has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Strategic Education has a slightly negative Appreciation Score of 30 but a very high Power Rating of 93, and the High Neutral Value Trend Rating results.
Rating Review
In light of this encouraging new earnings information and very positive price change we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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