Skillsoft Corp reports results for the quarter ended in April - Earnings Summary

Skillsoft

10/06/2024 22:02

* Skillsoft Corp  SKIL.N  reported a quarterly adjusted loss
of
$3.37​​ per share for the quarter ended in April, higher than
the same quarter last year, when the company reported EPS of
$-5.40.  The mean expectation of four analysts for the quarter
was for a loss of $3.63 per share. Wall Street expected
results to range from $-4.00 to $-3.21 per share.
    * Revenue fell 5.7% to $127.79 million from a year ago;
analysts
expected $133.38 million. 
    * Skillsoft Corp's reported EPS for the quarter was a loss
of
$3.42​.
    * The company reported a quarterly loss of $27.64 million.
    * Skillsoft Corp shares had risen by 1.9% this quarter and
lost 47.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 25.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the professional
&
business education peer group is also "buy"

Wall Street's median 12-month price target for Skillsoft Corp is
$40.00 
This summary was machine generated from LSEG data June 10 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
 Apr. 30 2024      -3.63          -3.37          Beat
 Jan. 31 2024      -3.27          -3.09          Beat
 Oct. 31 2023      -4.37          -2.82          Beat
 Jul. 31 2023      -3.80          -4.00          Missed