K12: Q1 Earnings Insights

Shares of K12 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.