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

Scholastic

19/07/2024 05:34

* Scholastic Corp  SCHL.OQ  reported quarterly adjusted
earnings
of $1.23​​ per share for the quarter ended in May, lower than
the same quarter last year, when the company reported EPS of
$2.26.  The lone analyst forecast for the quarter was
for earnings of $2.66 per share. 
    * Revenue fell 10.1% to $474.90 million from a year ago;
analysts
expected $552.50 million. 
    * Scholastic Corp's reported EPS for the quarter was $1.23​.
    * The company reported quarterly net income of $35.9
million.
    * Scholastic Corp shares had risen by 7.0% this quarter and
gained 0.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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

This summary was machine generated from LSEG data July 19 at
04:34 a.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
 Jan. 1 0001       2.66           1.23           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