Q3 2020 Scholastic Corp Earnings Call

Scholastic Book Fairs has furloughed 111 employees at two locations in Fenton, as school closures due to the coronavirus pandemic impacted its operations.

Beating the first quarter's market crash took some extreme strategies, such as moving nearly everything to cash, or going very short. Now, fund managers who prevailed during the worst start to a year for U.S. stocks are betting on recession-resilient companies to take them to the next leg. With few expecting a quick end to the market's volatility, managers are seeking companies with strong balance sheets that can weather what could be a deep but short recession, according to a recent Reuters poll.

NEW YORK, NY / ACCESSWIRE / March 19, 2020 / Scholastic Corp. (NASDAQ:SCHL) will be discussing their earnings results in their 2020 Third Quarter Earnings call to be held on March 19, 2020 at 4:30 PM Eastern ...

Scholastic, the global children's publishing, education and media company, today announced that it will launch Cat Kid Comic Club, an all-new graphic novel series by Dav Pilkey, author and illustrator of the worldwide bestselling Dog Man series. Cat Kid Comic Club, a groundbreaking graphic novel that celebrates creativity and friendship, will be published worldwide simultaneously in hardcover and e-book on December 1, 2020. The launch of this new series marks Dav Pilkey's thirty-four years of publishing bestselling and award-winning books for children in various formats all with his trademark humor and heart. His phenomenally popular Captain Underpants series which launched more than twenty years ago has more than 90 million copies in print and helped to establish the illustrated chapter book category. The Adventures of Super Diaper Baby, Pilkey's first graphic novel published in 2002, was an instant national bestseller. Pilkey was awarded a Caldecott Honor in 1997 for his picture book The Paperboy.

Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today reported financial results for the Company's fiscal third quarter ended February 29, 2020.

Strong fundamentals and a currently depressed price are favorable signs for value investors Continue reading...

Scholastic (SCHL) delivered earnings and revenue surprises of 46.88% and 9.12%, respectively, for the quarter ended February 2020. Do the numbers hold clues to what lies ahead for the stock?

As school closures increase nationwide due to the spread of coronavirus, affecting millions of students with the numbers growing by the day, there is an unprecedented need for supporting our teachers, children, and families in learning. For when school is disrupted, Scholastic has curated a free digital learning hub designed to support virtual learning plans: Scholastic Learn at Home allows open access to daily learning journeys divided into four grade spans—Pre-K–K, Grades 1–2, Grades 3–5, and Grades 6–9+, covering ELA, STEM, Science, Social Studies, and Social-Emotional Learning.

Cicely Lewis, a school librarian at Meadowcreek High School in Norcross, Georgia, has been named the 2020 School Librarian of the Year by School Library Journal (SLJ) and Scholastic, the global children's publishing, education and media company. The award recognizes K–12 library professionals for outstanding achievement and the exemplary use of 21st-century tools and services to engage children and teens toward fostering multiple literacies.

Scholastic Corporation (NASDAQ: SCHL) is pleased to announce that its Board of Directors today declared a quarterly cash dividend of $0.15 per share on the Company's Class A and Common Stock for the fourth quarter of fiscal 2020. The dividend is payable on June 15, 2020 to all shareholders of record as of the close of business on April 30, 2020.

Scholastic Corporation (NASDAQ:SCHL), which is in the media business, and is based in United States, saw significant...

Scholastic (NASDAQ: SCHL) will be releasing its next round of earnings this Thursday, March 19. For all of the relevant information, here is your guide for the Q3 earnings announcement.Earnings and Revenue Based on management's projections, Scholastic analysts modeled for a loss of 64 cents per share on sales of $342.10 million.Scholastic's loss in the same period a year ago was 32 cents. Quarterly sales came in at $360.10 million. Revenue would be down 5% from the year-ago period. Here's how the company's EPS has stacked up against analyst estimates in the past:View more earnings on SCHL Quarter Q2 2020 Q1 2020 Q4 2019 Q3 2019 EPS Estimate 1.770 -1.800 0.850 -0.27 EPS Actual 2.060 -1.590 0.840 -0.32 Stock Performance Over the last 52-week period, shares are down 37.84%. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release.Analyst estimates have adjusted lower for EPS and revenues over the past 90 days. The most common rating by analysts on Scholastic stock is a Neutral. The strength of this rating has maintained conviction over the past three months.Conference Call Scholastic is scheduled to hold a conference call at 4:30 p.m. ET and can be accessed here: https://edge.media-server.com/mmc/p/u7y7y7jzSee more from Benzinga * Q3 Earnings Outlook For Cintas * Ollie's Bargain Outlet's Q4 Earnings Preview * Darden Restaurants Q3 Earnings Preview(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Concerns have been growing in recent weeks as extended school closures are announced, causing educators and families alike to consider what the summer months mean for students in 2020. A new study by NWEA projects that students who lack steady instruction during the coronavirus school shutdowns might retain only 70% of their annual reading gains as compared to a normal year. This compounds the annual issue of reading skill loss known as the summer slide experienced by school-aged kids. To continue to support literacy at home during this pressing time, Scholastic has launched Scholastic Summer Read-a-Palooza, a free program designed to increase book access and ensure engaging experiences to keep kids reading this summer – two key pieces of the puzzle to stem learning loss presented in a way that does not add additional burdens on families or educators.

The company’s strategy may boost its financial outlook Continue reading...

Scholastic (NASDAQ: SCHL), the global children's publishing, education and media company, today released a new interview with Suzanne Collins, author of the worldwide bestselling Hunger Games series. On the eve of the publication of The Ballad of Songbirds and Snakes, on sale today, author Suzanne Collins spoke to David Levithan, VP, Publisher and Editorial Director at Scholastic, and one of her editors, about the making of the book.

We recently asked Portfolio Manager Charlie Dreifus for an update and outlook for the Small-Cap Special Equity Strategy that he’s been managing at Royce since 1998 Continue reading...

Palm Valley Capital recently released its Q1 2020 Investor Letter, a copy of which you can download below. The fund posted a return of 0.79% for the quarter, outperforming its benchmark, the S&P Small Cap 600 Index which returned -32.65% in the same quarter. You should check out Palm Valley Capital’s top 5 stock picks […]

Unfortunately for some shareholders, the Scholastic (NASDAQ:SCHL) share price has dived 37% in the last thirty days...

Scholastic (NASDAQ:SCHL) reported Q3 results.Quarterly Results Earnings per share fell 6.25% over the past year to ($0.34), which beat the estimate of ($0.64).Revenue of $373,300,000 rose by 3.67% year over year, which beat the estimate of $342,100,000.How To Listen To The Conference Call Date: Mar 19, 2020Time: 11:02 AM ETView more earnings on SCHLWebcast URL: https://edge.media-server.com/mmc/p/u7y7y7jzPrice Action 52-week high: $45.8052-week low: $21.25Price action over last quarter: down 41.51%Company Description Scholastic Corp is an American publishing and education media company that focuses on books and educational material for schools, teachers, parents, and children. The company is one of the world's largest publishers of children's books and also owns the exclusive rights to various books, including Harry Potter and The Hunger Games. Some of the company's original titles include Clifford the Big Red Dog, Goosebumps, and The Magic School Bus.See more from Benzinga * Scholastic's Q3 Earnings Preview(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.