For its fourth fiscal quarter (ending May 31), Scholastic Corp (NASDAQ: SCHL) has reported a -46% decline in E.P.S. from $2.33 a year ago to $1.26 in the current quarter. This performance was $-1.40 short of the consensus estimate of $2.66. For the latest four quarters through May 31, E.P.S. were $0.41 compared to $2.56 a year ago — a decline of -84%.
Recent Price Action
Scholastic Corp (NASDAQ: SCHL) stock declined by -3.7% on 7/18/24. The shares closed at $36.56. Moreover, trading volume in this decline was above average at 136% of normal. The stock has been weak relative to the market over the last nine months but has risen 4.2% during the last week.
Current PriceTarget Research Rating
SCHL’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Scholastic has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Scholastic has a slightly positive Appreciation Score of 68 but a slightly negative Power Rating of 37, and the Neutral Value Trend Rating results.
Rating Review
In light of this discouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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