Scholastic (SCHL) Lags Q2 Earnings and Revenue Estimates

Financial Performance - Scholastic reported quarterly earnings of $1.82 per share, missing the Zacks Consensus Estimate of $2.30 per share, and down from $2.45 per share a year ago, representing an earnings surprise of -20.87% [1] - The company posted revenues of $544.6 million for the quarter ended November 2024, missing the Zacks Consensus Estimate by 1.69%, and down from $562.6 million year-over-year [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.78 on revenues of $347.05 million, and for the current fiscal year, it is $1.41 on revenues of $1.66 billion [8] - The estimate revisions trend for Scholastic is currently unfavorable, leading to a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [7] Industry Context - Scholastic belongs to the Zacks Publishing - Books industry, which is currently in the bottom 13% of over 250 Zacks industries, suggesting a challenging environment for the company [9]