Skillsoft Earnings Preview
Portfolio Pulse from Benzinga Insights
Skillsoft (NYSE:SKIL) is expected to release its quarterly earnings report on Tuesday, 2023-12-05, with an estimated EPS of $-4.25. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Skillsoft's stock price has reacted negatively to past earnings reports, even when beating EPS estimates. Shares are currently trading at $17.93, down 51.02% over the last 52 weeks. The upcoming earnings report could be a significant indicator for the company's future performance.
December 04, 2023 | 4:00 pm
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NEGATIVE IMPACT
Skillsoft is anticipated to report a quarterly EPS of $-4.25 and investors are focused on earnings beat and future guidance. The stock has historically dropped after earnings reports, despite beating estimates. Currently trading at $17.93, the stock has seen a 51.02% decline over the past year.
Given the historical negative reaction to earnings reports, even when beating EPS estimates, there is a likelihood of a negative short-term impact on SKIL's stock price. The current downward trend over the past year may continue if the earnings report does not exceed expectations and provide strong future guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100