Scholastic Corp reports results for the quarter ended in February - Earnings Summary

Scholastic

21/03/2024 21:01

* Scholastic Corp  SCHL.OQ  reported a quarterly adjusted
loss
of 87 cents​​ per share for the quarter ended in February, lower
than the same quarter last year, when the company reported EPS
of -57 cents.  The lone analyst forecast for the quarter was
for a loss of 80 cents per share. 
    * Revenue fell 0.4% to $323.70 million from a year ago;
analysts
expected $329.21 million. 
    * Scholastic Corp's reported EPS for the quarter was a loss
of 91
cents​.
    * Scholastic Corp shares had fallen by 0.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 37.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 
    * Wall Street's median 12-month price target for Scholastic
Corp
is $54.00 

This summary was machine generated from LSEG data March 21 at
09:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Feb. 29 2024      -0.80          -0.87          Missed
 Nov. 30 2023      2.65           2.45           Missed
 Aug. 31 2023      -1.35          -2.20          Missed
 May. 31 2023      1.70           2.26           Beat