PowerSchool (PWSC) Q2 Earnings & Revenues Lag, Margins Down

Zacks08-13

PowerSchool Holdings, Inc. PWSC reported lower-than-expected results in the second quarter of 2024, wherein its quarterly earnings and revenues missed the Zacks Consensus Estimate. The top increased ...

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The top increased ...</p>\n\n<a href=\"https://finance.yahoo.com/news/powerschool-pwsc-q2-earnings-revenues-171000818.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PowerSchool (PWSC) Q2 Earnings & Revenues Lag, Margins Down</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPowerSchool (PWSC) Q2 Earnings & Revenues Lag, Margins Down\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-13 01:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/powerschool-pwsc-q2-earnings-revenues-171000818.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PowerSchool Holdings, Inc. PWSC reported lower-than-expected results in the second quarter of 2024, wherein its quarterly earnings and revenues missed the Zacks Consensus Estimate. The top increased ...</p>\n\n<a href=\"https://finance.yahoo.com/news/powerschool-pwsc-q2-earnings-revenues-171000818.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PWSC","symbol_name":"PowerSchool Holdings, Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/powerschool-pwsc-q2-earnings-revenues-171000818.html","article_id":"2459595884","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Fs.zEOIhxGf7t8eaUSmjWw--~B/aD02MjA7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/f4f040597ee01c61420a977a95c5b391"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2459595884","pubTimestamp":1723482600,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"PowerSchool reported adjusted earnings of 23 cents per share, which missed the Zacks Consensus Estimate of 24 cents by 4.2%. In the prior-year quarter, the company reported adjusted earnings per share of 23 cents.PowerSchool Holdings, Inc. Price, Consensus and EPS Surprise. PowerSchool Holdings, Inc. price-consensus-eps-surprise-chart | PowerSchool Holdings, Inc. Quote. Total revenues of $191.6 million also missed the consensus estimate of $195 million by 2% but increased 10% year over year. This was backed by 16% year-over-year growth in subscriptions and support revenues to $170.1 million.PowerSchool currently carries a Zacks Rank #3 . You can see the complete list of today’s Zacks #1 Rank  stocks here.Choice Hotels International, Inc. CHH delivered lower-than-expected second-quarter 2024 results, with adjusted earnings and revenues missing the Zacks Consensus Estimate. However, both metrics increased on a year-over-year basis.The quarter’s performance was backed by strong demand tre","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"PWSC":"PowerSchool Holdings, Inc."},"translate_title":"PowerSchool(PWSC)第二季度盈利和收入滞后，利润率下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PWSC":1},"content_text":"PowerSchool Holdings, Inc. PWSC reported lower-than-expected results in the second quarter of 2024, wherein its quarterly earnings and revenues missed the Zacks Consensus Estimate. The top increased while the bottom line remained flat year over year.The top-line performance was backed by an increase in subscriptions and support revenues, which was driven by increased sales of its solutions to new customers and by cross-selling and upselling to existing customers. However, an increase in total operating expenses due to a hike in research and development, and selling, general and administrative expenses marred the bottom-line growth. Also, acquisition costs attributable to the acquisition of Allovue added to the downtrend.Nonetheless, the company is optimistic about its prospects on the back of new product launches and its partnership with Bain Capital.\nInside the Headlines\nPowerSchool reported adjusted earnings of 23 cents per share, which missed the Zacks Consensus Estimate of 24 cents by 4.2%. In the prior-year quarter, the company reported adjusted earnings per share of 23 cents.\n\nPowerSchool Holdings, Inc. Price, Consensus and EPS Surprise\n\nPowerSchool Holdings, Inc. price-consensus-eps-surprise-chart | PowerSchool Holdings, Inc. Quote\n\nTotal revenues of $191.6 million also missed the consensus estimate of $195 million by 2% but increased 10% year over year. This was backed by 16% year-over-year growth in subscriptions and support revenues to $170.1 million.\nOperating Highlights\nThe total operating expenses of PowerSchool were $119.9 million, up 26.5% year over year, due to an increase in selling, general and administrative expenses, research and development, and acquisition costs.Adjusted gross profit was $133.6 million, up from $124.2 million reported a year ago. On the other hand, the adjusted gross margin contracted 170 basis points (bps) year over year to 69.7%.The company’s adjusted EBITDA was $66.6 million, up from $61.2 million reported in the prior-year quarter. The adjusted EBITDA margin contracted 50 bps year over year to 34.7%.\nFinancial Details\nAs of Jun 30, 2024, PowerSchool recorded cash and cash equivalents of $20.7 million, down from $39.1 million reported in 2023 end. Net long-term debt at the end of the second quarter was $809.7 million, down from $811.3 million reported in 2023 end.As of the first six months of 2024, net cash used in operating activities was $137 million compared with $92.7 million in the comparable year-ago period.\nZacks Rank & Recent Consumer Discretionary Releases\nPowerSchool currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Choice Hotels International, Inc. CHH delivered lower-than-expected second-quarter 2024 results, with adjusted earnings and revenues missing the Zacks Consensus Estimate. However, both metrics increased on a year-over-year basis.The quarter’s performance was backed by strong demand trends across the company’s diversified portfolio of brands. This uptrend in demand aided in accelerating global hotel openings, expanding international market reach and increasing the size of its rewards program. Moreover, CHH’s versatile business model and accretive growth strategies ensure the support required to foster its growth trends.Planet Fitness, Inc. PLNT reported stellar second-quarter 2024 results, with adjusted earnings and revenues beating the Zacks Consensus Estimate and increasing year over year.The quarter’s performance was driven by contributions from new store openings, higher royalty revenues and an asset-light growth model. The strength in the contributions from these factors was reflected in the year-over-year increase in system-wide same-store sales. PLNT aims to define its growth prospects by capitalizing on meaningful opportunities across the industry, globally. Also, its aim to deliver enhanced shareholder value bodes well.Wynn Resorts, Limited WYNN reported lower-than-expected second-quarter 2024 results, wherein adjusted earnings and revenues missed the Zacks Consensus Estimate. On the other hand, both metrics rose year over year.The quarter’s results reflect strong contributions from the Wynn Palace, Wynn Macau and Las Vegas operations, partially offset by softer contributions from the Encore Boston Harbor operations. The company’s continuous investments in expanding the business operations on a global scale along with ensuring shareholder value are commendable. This prudent attitude positions WYNN well for growth in 2024 and beyond.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nWynn Resorts, Limited (WYNN) : Free Stock Analysis Report\nChoice Hotels International, Inc. (CHH) : Free Stock Analysis Report\nPlanet Fitness, Inc. (PLNT) : Free Stock Analysis Report\nPowerSchool Holdings, Inc. (PWSC) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2459595884"}