K12 Earnings: What Investors Need to Know

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.

K12, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 20% to $0.06 in the quarter versus EPS of $0.05 in the year-earlier quarter.

Revenue: Rose 19.19% to $203.1 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: K12, Inc. reported adjusted EPS income of $0.06 per share. By that measure, the company beat the mean analyst estimate of $0.03. It beat the average revenue estimate of $200.96 million.

Quoting Management: Nate Davis, Executive Chairman of the Board, commented: “I am very pleased with the financial results K12 delivered in fiscal 2013. We remain intensely focused on improving academics and, to that end, we have introduced innovative academic pilots to improve our learning model and have launched new diagnostic assessment tools. We are excited about the new school year and grateful to have the opportunity to offer an individualized and adaptive education to students around the world.”

Key Stats (on next page)…

Revenue decreased 6.84% from $218.01 million in the previous quarter. EPS decreased 80.65% from $0.31 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.18 and has not changed. For the current year, the average estimate is a profit of $0.69, which is the same with that ninety days ago.

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