K12 Inc (NYSE:LRN) is reporting first quarter earnings results on Monday 26th October 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.31 per share.
For the full year, analysts predict revenues of $ 1444.17 million, while looking forward to income of $ 1.13 per share.
Previous Quarter Performance
K12 Inc communicated income for the fourth quarter of $ 0.31 per share, from the revenue of $ 268.93 million. The quarterly earnings increased 287.50 percent while revenues expanded 4.92 percent compared with the same quarter last year. The top line results outshined analysts by $ 7.47 million or 2.86 percent.
Stock Performance
On Friday, shares of K12 Inc has traded high as $ 29.20 and has cracked $ 28.52 on the downward trend, reaching $ 28.70 with volume of 489.30 thousand shares.
According to the previous trading day, closing price of $ 28.70, representing a 92.10 % increase from the 52 week low of $ 15.06 and a 45.25 % decrease over the 52 week high of $ 52.84.
The company has a market capital of $ 1.19 billion and is part of the Consumer Defensive sector and Education & Training Services industry.
Recent Analyst recommendations
- On 4th September 2020, upgraded by Sidoti to Buy from Neutral rating.
Conference Call
K12 Inc will be hosting a conference call at 5:00 PM eastern time on 26th October 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.k12.com
K12 Inc., a technology-based education company, together with its subsidiaries, provides online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade in the United States and internationally. It also offers full-time programs virtual and blended public schools; full-time virtual programs, semester courses, and supplemental educational products; and teacher training, teaching, and other academic and technology support services to public schools, school districts, private schools, charter schools, early childhood learning centers, and corporate partners. In addition, the company provides FuelEd suite of offerings, such as K12 curriculum, FuelEd online courses, and FuelEd anywhere learning systems; Middlebury Interactive Languages; Stride; and the Big Universe literacy solutions.
