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 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 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 |