Wall Street analysts expect Scholastic (SCHL) to post quarterly loss of -$3.42 per share in its upcoming report, which indicates a year-over-year decline of 35.7%. Revenues are expected to be $224.69 million, down 0.4% from the year-ago quarter.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Scholastic metrics that are commonly tracked and projected by analysts on Wall Street.
The consensus estimate for 'Revenues- Entertainment' stands at $15.65 million. The estimate indicates a change of +15.1% from the prior-year quarter.
The consensus among analysts is that 'Revenues- Education Solutions' will reach $37.30 million. The estimate points to a change of -7% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenues- International' of $60.00 million. The estimate suggests a change of +1% year over year.
The combined assessment of analysts suggests that 'Revenues- Children?s Book Publishing and Distribution' will likely reach $111.74 million. The estimate points to a change of +2.1% from the year-ago quarter.
View all Key Company Metrics for Scholastic here>>>Shares of Scholastic have demonstrated returns of -13.4% over the past month compared to the Zacks S&P 500 composite's -1.3% change. With a Zacks Rank #5 (Strong Sell), SCHL is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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