K12 Earnings: Everything You Must Know Now

K12, Inc. (NYSE:LRN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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K12, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 72.22% to $0.31 in the quarter versus EPS of $0.18 in the year-earlier quarter.

Revenue: Rose 22.35% to $218 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: K12, Inc. reported adjusted EPS income of $0.31 per share. By that measure, the company beat the mean analyst estimate of $0.23. It beat the average revenue estimate of $212.85 million.

Quoting Management: Nate Davis, Executive Chairman of the Board, commented: “K12 delivered solid results again this quarter. I am very proud of our team for maintaining its focus on students, their academic success and producing great financial results. Many of our internal plans are coming together and resulting in improvements in operating income, cash and margins. We are well positioned to offer more students individualized education solutions as the market opportunity continues to improve through enrollment cap expansion and new states embracing virtual education.”

Key Stats (on next page)…

Revenue increased 5.81% from $206.03 million in the previous quarter. EPS increased 29.17% from $0.24 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.09 to a profit $0.11. For the current year, the average estimate has moved up from a profit of $0.68 to a profit of $0.69 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)