Scholastic Corp reports results for the quarter ended February 28 - Earnings Summary

• Scholastic Corp SCHL.OQ reported a quarterly adjusted loss of 15 cents​​ per share for the quarter ended February 28, lower than the same quarter last year, when the company reported EPS of -5 cents. The mean expectation of two analysts for the quarter was for a loss of 36 cents per share. Wall Street expected results to range from -39 cents to -34 cents per share.

• Revenue fell 1.9% to $329.10 million from a year ago; analysts expected $331.03 million.

• Scholastic Corp's reported EPS for the quarter was $2.55​.

• The company reported quarterly net income of $62.5 million.

• Scholastic Corp shares had risen by 12.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 33.6% 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 Corp is $36.00, about 7.2% above its last closing price of $33.39

This summary was machine generated from LSEG data March 19 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)