What Happened:

Shares of higher education company Strategic Education (NASDAQ:STRA) jumped 15.4% in the afternoon session after the company reported first-quarter results, which blew past analysts' EPS expectations. Its revenue and operating margin outperformed, driven by better-than-expected student enrollments across the globe and employer-affiliated enrollment in its education technology services segment. Strategic Education also announced a quarterly dividend of $0.60 per share that will be paid on June 3, 2024 to shareholders as of May 24, 2024. Zooming out, we think this was a great quarter that shareholders will appreciate.

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What is the market telling us:

Strategic Education's shares are not very volatile than the market average and over the last year have had only 4 moves greater than 5%. Moves this big are very rare for Strategic Education and that is indicating to us that this news had a significant impact on the market's perception of the business.

Strategic Education is up 28% since the beginning of the year. Investors who bought $1,000 worth of Strategic Education's shares 5 years ago would now be looking at an investment worth $836.36.

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