Scholastic: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Scholastic (NASDAQ:SCHL) reported its Q3 earnings on March 21, 2024, missing estimated earnings by 0.0% with an EPS of $-0.8. Revenue decreased by $1.20 million from the previous year. Following a miss in EPS last quarter, SCHL's share price dropped by 12.0% the next day.
March 21, 2024 | 8:10 pm
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NEGATIVE IMPACT
Scholastic reported Q3 earnings with an EPS of $-0.8, missing estimates by 0.0% and a revenue decrease of $1.20 million from last year.
Scholastic's earnings miss and revenue decrease are likely to negatively impact investor sentiment, especially considering the 12% stock price drop following last quarter's earnings miss. The consistent underperformance could lead to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100