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Lincoln Educational Services Corporation (LINC) - free report >>
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K12 (LRN) Soars 7.2%: Is Further Upside Left in the Stock?
K12 (LRN - Free Report) shares rallied 7.2% in the last trading session to close at $36.99. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 11.5% loss over the past four weeks.
Stride's stock is gaining from higher enrollment and cost-saving efforts. Persistent demand for online learning options has been benefiting Stride’s top line in recent times.Investments focused on improving user experience, enhancing teacher tools and strengthening student engagement also bode well.
This online education company is expected to post quarterly earnings of $0.63 per share in its upcoming report, which represents a year-over-year change of +152%. Revenues are expected to be $422.24 million, up 6.2% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For K12, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on LRN going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
K12 is a member of the Zacks Schools industry. One other stock in the same industry, Lincoln Educational Services Corporation (LINC - Free Report) , finished the last trading session 5.3% higher at $6.37. LINC has returned 0.7% over the past month.
For Lincoln Educational Services Corporation, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.06. This represents no change from what the company reported a year ago. Lincoln Educational Services Corporation currently has a Zacks Rank of #3 (Hold).