Scholastic Q4 2024 Adj EPS $1.73 Misses $2.66 Estimate, Sales $474.900M Miss $552.496M Estimate
Portfolio Pulse from Benzinga Newsdesk
Scholastic (NASDAQ:SCHL) reported Q4 2024 earnings of $1.73 per share, missing the analyst estimate of $2.66 by 34.96%. Sales were $474.9M, missing the $552.496M estimate by 14.04%. Both earnings and sales decreased compared to the same period last year.
July 18, 2024 | 8:17 pm
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NEGATIVE IMPACT
Scholastic's Q4 2024 earnings and sales both missed analyst estimates significantly, with earnings per share down 34.96% from expectations and sales down 14.04%. Both metrics also showed a year-over-year decline.
The significant miss on both earnings and sales estimates, combined with a year-over-year decline, is likely to negatively impact Scholastic's stock price in the short term. Investors may react to the underperformance and adjust their positions accordingly.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100