K12 Inc. (NYSE: LRN)
K12 Inc. (NYSE: LRN) is one of the leading providers of online curriculum, software systems and education services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally.
The company’s fourth quarter earnings report was a strong one – beating consensus estimates for earnings and revenue thanks in large part to its managed public school business and a key acquisition.
With the ongoing Covid-19 pandemic causing many school systems in the United States to adjust their re-opening plans on the fly – and transition to more online-based instruction – there is likely to be an increase in demand for K12 Inc.’s online learning services. The company is projecting it will deliver double-digit growth in both revenue and adjusted operating income in the coming year and also expects an increase in student enrollments.