Higher education company Strategic Education (NASDAQ: STRA) will be announcing earnings results this Thursday afternoon. Here’s what you need to know.

Strategic Education beat analysts’ revenue expectations last quarter, reporting revenues of $319.9 million, up 4.6% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ adjusted operating income estimates. It reported 85,640 domestic students, down 1% year on year.

Is Strategic Education a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Strategic Education’s revenue to grow 3.5% year on year, in line with the 2.9% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Strategic Education has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Strategic Education’s peers in the consumer discretionary - education services segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Lincoln Educational delivered year-on-year revenue growth of 19.7%, beating analysts’ expectations by 6.9%, and Laureate Education reported revenues up 27.9%, topping estimates by 2.8%. Lincoln Educational traded up 18.3% following the results while Laureate Education was down 6.5%.

Read our full analysis of Lincoln Educational’s results here and Laureate Education’s results here.

Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the consumer discretionary - education services stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.3% on average over the last month. Strategic Education is down 11.2% during the same time and is heading into earnings with an average analyst price target of $101.67 (compared to the current share price of $75.09).

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