For its second fiscal quarter (ending November 30), Scholastic Corp (NASDAQ: SCHL) has reported a 16% increase in E.P.S. from $2.17 a year ago to $2.51 in the current quarter. For the latest four quarters through November 30, E.P.S. were $1.85 compared to $1.93 a year ago — a decline of -4%.
Recent Price Action
Scholastic Corp (NASDAQ: SCHL) stock enjoyed a large increase of 3.6% on 12/14/23. The stock closed at $41.48. Moreover, this advance was accompanied by unusually high trading volume at 194% of normal. The stock has risen 5.3% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
SCHL is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Scholastic has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Scholastic has a slightly positive Appreciation Score of 62 and a good Power Rating of 71, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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