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Stride, Inc. (LRN) provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally. 
Its technology-based products and services enable clients to attract, enroll, educate, track progress, and support students.
The company offers integrated package of systems, services, products, and professional expertise to support a virtual or blended public school; and products and services for the general education market focused on subjects, including math, English, science, and history for kindergarten through twelfth grade students.
It also provides career learning products and services that are focused on developing skills to enter in industries, including information technology, health care, and business; and focused post-secondary career learning programs, which include skills training for the data science, software engineering, healthcare, and medical fields to adult learners under Galvanize, Tech Elevator, and MedCerts brand names, as well as provides staffing and talent development services to employers. Stride, Inc. serves consumers, employers, and government agencies.
On April 19th, Stride reported 3rd Quarter March 2022 earnings of $1.02 per share on revenue of $421.7 million. The consensus earnings estimate was $0.84 per share on revenue of $411.1 million. Revenue grew 7.5% on a year-over-year basis.
The company said it expects fiscal 2022 revenue of $1.645 billion to $1.660 billion. The company's previous guidance was revenue of $1.62 billion to $1.64 billion and the consensus revenue estimate was $1.63 billion for the year ending June 30, 2022. Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.
Entry Point: $41.00
Trading Range: $25.65 - $42.52
Stop Loss: $38.75
Target Price: $45.10
