These Analysts Increase Their Forecasts On PowerSchool After Q2 Results
Portfolio Pulse from Lisa Levin
PowerSchool Holdings, Inc. (NYSE:PWSC) reported Q2 earnings in line with market expectations and sales of $173.90 million, beating estimates of $171.28 million. The company forecasts Q3 revenue of $178 million to $181 million. Following the earnings announcement, several analysts increased their price targets on PowerSchool. The company's shares fell 1.8% in pre-market trading.
August 08, 2023 | 1:06 pm
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PowerSchool's Q2 earnings were in line with expectations and sales exceeded estimates. Analysts have raised their price targets, indicating a positive outlook. However, the stock fell 1.8% in pre-market trading.
PowerSchool's Q2 earnings were in line with market expectations, which is a neutral factor. However, the company's sales beat estimates, which is a positive factor. The raised price targets by analysts indicate a positive outlook for the company. Despite these positive factors, the stock fell in pre-market trading, indicating a mixed short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100