Strategic Education, Inc. (STRA - Free Report) , or SEI reported mixed third-quarter 2018 results, wherein earnings beat the Zacks Consensus Estimate while revenues missed the same. Nonetheless, both the top and bottom lines increased significantly on a year-over-year basis. Consequently, shares of the company rallied about 12% during yesterday’s trading session.
Adjusted earnings of 92 cents per share surpassed the consensus mark of 71 cents by 29.6%. Also, the reported figure increased significantly from 32 cents per share on a year-over-year basis.
Revenues of $160.9 million missed the consensus estimate of $185 million by 13%. Nevertheless, the reported figure improved 48.3% from the prior-year level. Meanwhile, adjusted revenues (revenues excluding deferred revenue adjustment) increased 72.5% to $187.2 million from the prior-year quarter.
Strategic Education Inc. Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Strategic Education, Inc. (STRA - Free Report) , or SEI reported mixed third-quarter 2018 results, wherein earnings beat the Zacks Consensus Estimate while revenues missed the same. Nonetheless, both the top and bottom lines increased significantly on a year-over-year basis. Consequently, shares of the company rallied about 12% during yesterday’s trading session.
Adjusted earnings of 92 cents per share surpassed the consensus mark of 71 cents by 29.6%. Also, the reported figure increased significantly from 32 cents per share on a year-over-year basis.
Revenues of $160.9 million missed the consensus estimate of $185 million by 13%. Nevertheless, the reported figure improved 48.3% from the prior-year level. Meanwhile, adjusted revenues (revenues excluding deferred revenue adjustment) increased 72.5% to $187.2 million from the prior-year quarter.
Strategic Education Inc. Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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