Will Enrollments Aid Strategic Education (STRA) Q3 Earnings?
Zacks Investment Research | Nov 04, 2019 11:21PM ET
Strategic Education Inc. or SEI (NASDAQ:STRA) is scheduled to report third-quarter 2019 results on Nov 7, before the opening bell.
In the last reported quarter, the company’s earnings and revenues beat the Zacks Consensus Estimate by 8.2% and 1.7%, respectively. Earnings and revenues of this for-profit education company grew by a solid 82.8% and 113.8%, respectively, from the year-ago reported figures on the back of strong top-line growth across its segments, given higher enrollment.
Markedly, SEI reported better-than-expected earnings in all the last four quarters, with the average surprise being 14.3%.
Trend in Estimates
For the quarter to be reported, the Zacks Consensus Estimate for earnings per share has been unchanged at $1.25 over the past seven days. The estimated figure indicates an increase of 35.9% from 92 cents per share reported in the year-ago quarter. The consensus mark for revenues is pegged at $237 million, suggesting 47.3% growth from the year-ago reported figure of $161 million.
Strategic Education Inc. Price and EPS Surprise
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