LRN is up 5% in the past 12 months
Stride Inc (NYSE:LRN) is set to release its fiscal third-quarter earnings results after the close on Tuesday, April 19. Wall Street analysts anticipate that Stride stock will deliver earnings of $0.84 per share in the upcoming report, marking a decent drop from the second quarter EPS (earnings per share) of $1.00 in its last earnings report.
Stride stock has been in selloff mode since spiking to a four-month high of $37.36 on April 4. The equity found its footing at the 80-day moving average, however, keeping it at a 5.5% lead for the year.
Furthermore, the e-learning company has grown their revenues and net income 67% and 159%, respectively, between fiscal 2018 and fiscal 2021. Stride is also expected to end fiscal 2022 with 6% revenue growth and 40.4% earnings growth. In addition, average estimates have LRN increasing their revenues 4.2% and their earnings 4.6% for fiscal 2023.
Moreover, valuation metrics indicate that Stride stock is undervalued at a forward price-earnings ratio of 12.39 and a price-sales ratio of 0.88. However, LRN's modest growth rate means that Stride stock’s growth potential is also limited. Nonetheless, Stride stock offers safe option for value investors looking to diversify their portfolios.