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

Skillsoft

07/12/2023 05:05

* Skillsoft Corp  SKIL.N  reported a quarterly adjusted loss
of
$2.82​​ per share for the quarter ended in October, higher than
the same quarter last year, when the company reported EPS of
$-10.60.  The mean expectation of five analysts for the quarter
was for a loss of $4.25 per share. Wall Street expected
results to range from $-4.60 to $-4.00 per share.
    * Revenue fell 0.3% to $138.96 million from a year ago;
analysts
expected $144.30 million. 
    * Skillsoft Corp's reported EPS for the quarter was a loss
of
$3.45​.
    * The company reported a quarterly loss of $27.74 million.
    * Skillsoft Corp shares had fallen by 2.9% this quarter and
lost 33.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.8%
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 December 7 at
05:04 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
 Oct. 31 2023      -4.25          -2.82          Beat
 Jul. 31 2023      -3.80          -4.00          Missed
 Apr. 30 2023      -3.67          -5.40          Missed
 Jan. 31 2023      -4.50          -6.60          Missed