Are You Expecting This from Scholastic?
Mar 18th 2013 5:07PM
Updated Mar 18th 2013 5:10PM
Scholastic (NAS: SCHL) is expected to report Q3 earnings on March 21. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Scholastic's revenues will wane -17.7% and EPS will remain in the red.
The average estimate for revenue is $384.2 million. On the bottom line, the average EPS estimate is -$0.39.
Last quarter, Scholastic booked revenue of $616.2 million. GAAP reported sales were 10% lower than the prior-year quarter's $685.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $1.89. GAAP EPS of $1.89 for Q2 were 27% lower than the prior-year quarter's $2.60 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 57.3%, 100 basis points worse than the prior-year quarter. Operating margin was 16.4%, 400 basis points worse than the prior-year quarter. Net margin was 10.0%, 210 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.84 billion. The average EPS estimate is $1.52.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 71 members out of 103 rating the stock outperform, and 32 members rating it underperform. Among 34 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 27 give Scholastic a green thumbs-up, and seven give it a red thumbs-down.
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The article Are You Expecting This from Scholastic? originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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