Higher education company Strategic Education (NASDAQ:STRA) will be reporting earnings tomorrow before the bell. Here’s what you need to know.
Strategic Education met analysts’ revenue expectations last quarter, reporting revenues of $311.5 million, up 2.9% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ EBITDA estimates but a miss of analysts’ international students estimates. It reported 88,860 domestic students, up 3% year on year.
Is Strategic Education a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Strategic Education’s revenue to grow 3.6% year on year to $300.7 million, slowing from the 13.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.96 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Strategic Education has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Strategic Education’s peers in the consumer discretionary segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Nike’s revenues decreased 9.3% year on year, beating analysts’ expectations by 2.3%, and Monarch reported revenues up 3.1%, topping estimates by 2.1%. Nike traded down 5.4% following the results.
Read our full analysis of Nike’s results here and Monarch’s results here.
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