Just checked the latest analyst consensus on STRA and noticed some interesting patterns in their Q4 projections. Wall Street is looking for earnings per share around $1.47, which would be a solid 15.8% bump year over year. Revenue guidance sits at roughly $323 million, a more modest 3.7% increase from the same quarter last year.

What caught my eye is the breakdown by region. The Australia and New Zealand segment is expected to pull back slightly at $65.78 million, down about 1.3%. But their education tech services division is looking stronger with $36.81 million projected, up over 20% from last year. The U.S. higher education business, which is their main driver, should hit around $220.52 million with a 2.9% year-over-year gain.

One thing worth noting: there haven't been any EPS estimate revisions over the past 30 days, which suggests analysts have settled on their numbers. That's usually a decent sign of stability. STRA shares have dropped about 11.8% over the past month though, underperforming the broader market. With a Hold rating, the stock is probably tracking closer to overall market moves in the near term. Definitely one to keep on the watchlist heading into earnings.