Scholastic Q4 Adj EPS $2.26 Beats $1.70 Estimate, Sales $528.30M Miss $541.76M Estimate
Portfolio Pulse from Benzinga Newsdesk
Scholastic (NASDAQ:SCHL) reported Q4 adjusted earnings of $2.26 per share, beating the analyst consensus estimate of $1.70 by 32.94%. This is a 31.4% increase from the same period last year. However, the company's quarterly sales of $528.30 million missed the analyst consensus estimate of $541.76 million by 2.48%, though it's a 2.70% increase from last year.
July 20, 2023 | 8:02 pm
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Scholastic's Q4 earnings beat estimates, but sales fell short. This mixed result could lead to uncertain short-term price movements.
Scholastic's earnings beat estimates, which is generally positive for the stock price. However, the company's sales missed estimates, which is typically negative. These mixed results could lead to uncertain short-term price movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100