Stride Inc (NYSE: LRN) has reported E.P.S. of $1.47 for its fourth fiscal quarter (ending June 30) versus $1.02 for the same period a year ago — an increase of 44%. This performance was $0.16 better than the consensus estimate of $1.31. E.P.S. were $4.79 for the latest four quarters through June 30 versus $3.00 for the same period a year ago — an increase of 60%.
Recent Price Action
On 8/6/24, Stride Inc (NYSE: LRN) stock rose slightly by 0.3%, closing at $71.42. This advance was accompanied by normal trading volume. Relative to the market the stock has been strong over the last nine months but has declined -4.0% during the last week.
Current PriceTarget Research Rating
LRN’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Stride has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Stride has a poor Appreciation Score of 17 but a good Power Rating of 77, producing the Neutral Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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