Market Overview

K12: Q1 Earnings Insights

Share:

Shares of K12 (NYSE:LRN) moved higher by 10.5% in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were up 220.00% year over year to $0.30, which beat the estimate of ($0.31).

Revenue of $370,960,000 higher by 44.27% year over year, which beat the estimate of $362,520,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Oct 26, 2020

Time: 05:00 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fpro.benzinga.com%2F&eventid=2709958&sessionid=1&key=5FF36D23A41009F92F6042C4EA5C19B6&regTag=&sourcepage=register

Price Action

52-week high: $52.84

52-week low: $15.06

Price action over last quarter: down 30.99%

Company Overview

K12 Inc is an American online educational company. The company offers alternative programs to traditional on-campus schooling. K12 also operates state-funded virtual charter schools around the United States. The educational programs for K-12 students are usually monitored by parents and provide virtual classroom environments where teachers meet with students online, by phone, or in-person. The company's contractual agreements with various school districts to offer its curriculum programs provide a majority of the company's revenue. The company lines of business are Managed Public School Programs, Institutional, and Private Pay Schools and Other.

 

Related Articles (LRN)

View Comments and Join the Discussion!

Posted-In: Earnings