Scholastic Q1 Adj. EPS $(2.20) Misses $(1.20) Estimate, Sales $228.50M Miss $268.79M Estimate
Portfolio Pulse from Happy Mohamed
Scholastic (NASDAQ:SCHL) reported Q1 losses of $(2.35) per share, missing the analyst consensus estimate of $(1.20) by 95.83%. This is a 76.69% decrease from the same period last year. The company also reported quarterly sales of $228.50 million, missing the analyst consensus estimate of $268.79 million by 14.99%. This is a 13.08% decrease from the same period last year.
September 21, 2023 | 8:03 pm
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NEGATIVE IMPACT
Scholastic's Q1 earnings and sales missed estimates, indicating a potential negative impact on its stock price.
Scholastic's Q1 earnings and sales missed analyst estimates by a significant margin, which is likely to negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100