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

Scholastic

15/12/2023 03:59

* Scholastic Corp  SCHL.OQ  reported quarterly adjusted
earnings
of $2.45​​ per share for the quarter ended in November, higher
than the same quarter last year, when the company reported EPS
of $2.12.  The lone analyst forecast for the quarter was
for earnings of $2.65 per share. 
    * Revenue fell 4.3% to $562.60 million from a year ago;
analysts
expected $625.23 million. 
    * Scholastic Corp's reported EPS for the quarter was $2.45​.
    * Scholastic Corp shares had risen by 5.0% this quarter and
gained 1.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 8.6%
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 $57.00 

This summary was machine generated from LSEG data December 15 at
03:58 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
 Nov. 30 2023      2.65           2.45           Missed
 Aug. 31 2023      -1.35          -2.20          Missed
 May. 31 2023      1.70           2.26           Beat
                                  -0.57