Core Viewpoint - Skillsoft Corp. reported quarterly earnings of $0.92 per share, significantly beating the Zacks Consensus Estimate of a loss of $2.1 per share, marking an earnings surprise of +143.81% [1] - The company has shown a mixed trend in revenue performance, with revenues of $128.82 million for the quarter, slightly missing the consensus estimate [2] Group 1: Earnings Performance - Skillsoft's earnings of $0.92 per share represent a recovery from a loss of $2.4 per share a year ago [1] - The company has surpassed consensus EPS estimates in all four quarters over the past year [2] Group 2: Revenue Insights - The reported revenue of $128.82 million for the quarter is a decrease from $132.22 million year-over-year [2] - Skillsoft has exceeded consensus revenue estimates three times in the last four quarters [2] Group 3: Stock Performance and Outlook - Skillsoft shares have declined approximately 37.3% year-to-date, contrasting with the S&P 500's gain of 10.4% [3] - The future performance of Skillsoft's stock will largely depend on management's commentary during the earnings call and the subsequent earnings outlook [4][6] Group 4: Earnings Estimates and Industry Context - The current consensus EPS estimate for the upcoming quarter is -$0.96, with expected revenues of $135.92 million, and for the current fiscal year, it is -$2.47 on revenues of $537.14 million [7] - The Technology Services industry, to which Skillsoft belongs, is currently ranked in the top 38% of Zacks industries, indicating a favorable outlook compared to lower-ranked industries [8]
Skillsoft Corp. (SKIL) Q2 Earnings Beat Estimates