Scholastic Corporation reports results for the quarter ended May 31 - Earnings Summary

• Scholastic Corporation reported a quarterly adjusted loss of $3.63​​ per share for the quarter ended May 31, lower than the same quarter last year, when the company reported EPS of $-2.52. The mean expectation of two analysts for the quarter was for earnings of $2.16 per share. Wall Street expected results to range from $2.15 to $-3.11 per share.

• Revenue fell 3.9% to $216.80 million from a year ago; analysts expected $517.06 million.

• Scholastic Corporation's reported EPS for the quarter was a loss of $3.77​.

• The company reported quarterly net income of $9.4 million.

• Scholastic Corporation shares had fallen by 23.1% this quarter and gained 19.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 170.8% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the consumer publishing peer group is "buy."

• Wall Street's median 12-month price target for Scholastic Corporation is $42.00, about 17.1% above its last closing price of $34.83

This summary was machine generated from LSEG data September 25 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)