UPDATE: : 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 $2.20 per share, missing the analyst consensus estimate of $1.20 by 83.33%. This is a 65.41% 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 | 8:05 pm
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Scholastic's Q1 earnings missed analyst estimates, with losses per share and sales decreasing significantly from the same period last year.
Scholastic's Q1 earnings missed analyst estimates by a significant margin, with losses per share increasing by 83.33% and sales decreasing by 14.99% from the analyst consensus. This indicates a weaker financial performance than expected, which could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100