News
What the key metrics have to say
For the quarter ended June 2024, Strategic Education (STRA) reported revenue of $312.27 million, up 8.6% from the same period last year. EPS came in at $1.33, compared to $0.82 in the year-ago quarter.
The reported revenue represents a +2.61% surprise to the Zacks Consensus Estimate of $304.33 million. With the consensus EPS estimate being $1.20, the EPS surprise was +10.83%.
As investors look at year-over-year changes in revenue and profits and how they compare to Wall Street expectations to determine their next move, a few key metrics always offer a more accurate picture of a company’s financial health.
Since these metrics play a crucial role in determining revenue and profit figures, comparing them to the previous year’s figures and what analysts estimated about them helps investors better project a stock’s price performance.
Here’s how Strategic Education fared in the just-reported quarter in terms of the metrics most widely tracked and projected by Wall Street analysts:
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Recipes – Australia/New Zealand
: $71.13 million, compared with the average estimate of $68.62 million based on two analysts.
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Revenue – Educational Technology Services
: US$24.52 million versus US$23.08 million estimated by two analysts on average.
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Revenue – U.S. Higher Education Segment
: US$216.61 million versus US$212.30 million estimated by two analysts on average.
See all key company metrics for strategic education here>>>
Strategic Education shares have returned +11.1% over the past month, compared with the Zacks S&P 500 composite’s -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating it could perform in line with the broader market in the near term.
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Strategic Education Inc. (STRA): Free Stock Analysis Report