Scholastic Corp. (SCHL) Set to Announce Earnings on Thursday
Scholastic Corp. (NASDAQ:SCHL) will be releasing its Q114 earnings data on Thursday, September 19th. Analysts expect Scholastic Corp. to post earnings of ($0.68) per share and revenue of $299.70 million for the quarter. Scholastic Corp. has set its FY14 guidance at $1.40-1.80 EPS.
Scholastic Corp. (NASDAQ:SCHL) last released its earnings data on Thursday, July 18th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by $0.06. The company had revenue of $506.90 million for the quarter, compared to the consensus estimate of $514.30 million. During the same quarter in the previous year, the company posted $1.99 earnings per share. The company’s revenue for the quarter was down 25.3% on a year-over-year basis. On average, analysts expect Scholastic Corp. to post $1.73 EPS for the current fiscal year and $1.98 EPS for the next fiscal year.
Scholastic Corp. (NASDAQ:SCHL) opened at 30.17 on Wednesday. Scholastic Corp. has a 1-year low of $25.03 and a 1-year high of $34.55. The stock’s 50-day moving average is $30.26 and its 200-day moving average is $29.36. The company has a market cap of $958.6 million and a price-to-earnings ratio of 31.46.
A number of research firms have recently commented on SCHL. Analysts at Zacks downgraded shares of Scholastic Corp. (NASDAQ:SCHL) from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, August 19th. They now have a $33.70 price target on the stock. Finally, analysts at TheStreet upgraded shares of Scholastic Corp. (NASDAQ:SCHL) from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, July 16th.
Scholastic Corporation (NASDAQ:SCHL) together with its subsidiaries is a global children’s publishing, education and media company.
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