Stride is set to report its second-quarter results this Tuesday after the market closes. Analysts expect revenue to decline 4% year on year, a reversal from the 22.4% increase recorded in the same quarter last year. Last quarter, the company reported revenues of $629.9 million, up 2.7% year on year, meeting analyst expectations, while beating earnings per share estimates but issuing full-year revenue guidance slightly below expectations. Stride's stock is down 11.1% over the last month, heading into earnings with an average analyst price target of $109 compared to the current share price of $79.30.
Stride IncExpected revenue decline and guidance below expectations ahead of Q2 earnings.
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