Why Scholastic Stock Is Failing to Impress Today
Education publisher Scholastic (NASDAQ: SCHL) fell short of expectations in its most recent quarter. Investors are giving the results an F, sending shares down 19% as of 12:30 p.m. ET.
Scholastic is a publisher of education textbooks, related products, and other books aimed at children. The company earned $1.73 per share in its fiscal fourth quarter ending May 31 on revenue of $474.9 million, falling short of Wall Street's expectations for $2.66 per share in earnings on sales of $552 million.
Revenue was down 10% year over year.
Source Fool.com
Scholastic Corp. Stock
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-0.600%
The community is currently still undecided about Scholastic Corp. with 2 Buy predictions and 0 Sell predictions.
However, we have a potential of -6.06% for Scholastic Corp. as the target price of 31 € is below the current price of 33.0 €.
