Scholastic (SCHL) closed at $38.66 in the latest trading session, marking a +0.55% move from the prior day. This move outpaced the S&P 500's daily gain of 0.37%. Elsewhere, the Dow gained 0.42%, while the tech-heavy Nasdaq added 0.56%.
Prior to today's trading, shares of the publishing, education and media company had gained 4.86% over the past month. This has outpaced the Consumer Staples sector's loss of 1.56% and the S&P 500's gain of 4.42% in that time.
Wall Street will be looking for positivity from SCHL as it approaches its next earnings report date. On that day, SCHL is projected to report earnings of $1.77 per share, which would represent a year-over-year decline of 15.31%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $591.20 million, down 2.23% from the year-ago period.
SCHL's full-year Zacks Consensus Estimates are calling for earnings of $1.11 per share and revenue of $1.69 billion. These results would represent year-over-year changes of +2.78% and +2.22%, respectively.
It is also important to note the recent changes to analyst estimates for SCHL. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. SCHL is currently a Zacks Rank #4 (Sell).
Valuation is also important, so investors should note that SCHL has a Forward P/E ratio of 34.64 right now. This represents a premium compared to its industry's average Forward P/E of 23.12.
The Publishing - Books industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 100, which puts it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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