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Hot Stocks
Scholastic sees improving business conditions in 2H21 » 16:04
09/24/20
09/24
16:04
09/24/20
16:04
SCHL

Scholastic

$19.93 /

-0.19 (-0.94%)

The company has…

The company has substantially completed work on lowering its cost base by $100M, and believes that a significant portion of these cost savings, as well as new measures being taken, should continue to favorably impact future period results. The outlook for the company's trade and education businesses remains positive with a robust frontlist of bestselling series and authors scheduled to release over the remainder of the fiscal year and Scholastic's digital education programs and digital-only magazines gaining momentum as schools look to learning solutions which can be used at school and at home. However, delays in club orders and fair bookings will likely lead to a significant decline in revenues in the company's Children's Book Publishing and Distribution segment in the second quarter. The company believes that business conditions should improve in the second half of its fiscal year as schools adjust to operational changes in response to COVID-19, and we expect increasing demand for the company's slate of flexible new services, such as our virtual and shippable fair options and home delivery of club and fair orders, as well as our safe and easy in-person fairs. Given the variability in school schedules, as well as the possibility of new COVID outbreaks and their potential impact on schools, Scholastic is not providing a financial outlook for fiscal year 2021.

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SCHL Scholastic
$19.93 /

-0.19 (-0.94%)

SCHL Scholastic
$19.93 /

-0.19 (-0.94%)

SCHL Scholastic
$19.93 /

-0.19 (-0.94%)

Hot Stocks
Scholastic says 'sufficient cash reserves' to support FY21 business plan » 16:03
09/24/20
09/24
16:03
09/24/20
16:03
SCHL

Scholastic

$19.96 /

-0.16 (-0.80%)

At quarter-end, the…

At quarter-end, the company's cash and cash equivalents exceeded total debt by $135.6M, compared to $186.4M a year ago. The company continues to believe that it has sufficient cash reserves and access to liquidity to support its FY21 business plan.

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SCHL Scholastic
$19.96 /

-0.16 (-0.80%)

SCHL Scholastic
$19.96 /

-0.16 (-0.80%)

Earnings
Scholastic reports Q1 adjusted EPS (90c), one estimate ($1.74) » 16:02
09/24/20
09/24
16:02
09/24/20
16:02
SCHL

Scholastic

$19.96 /

-0.16 (-0.80%)

Reports Q1 revenue…

Reports Q1 revenue $215.2M, one estimate $219M.

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SCHL Scholastic
$19.96 /

-0.16 (-0.80%)

SCHL Scholastic
$19.96 /

-0.16 (-0.80%)

Options
Scholastic options imply 14.7% move in share price post-earnings » 15:19
09/24/20
09/24
15:19
09/24/20
15:19
SCHL

Scholastic

$20.05 /

-0.07 (-0.35%)

Pre-earnings options…

Pre-earnings options volume in Scholastic is 4.1x normal with calls leading puts 9:4. Implied volatility suggests the market is anticipating a move near 14.7%, or $2.95, after results are released. Median move over the past eight quarters is 7.2%.

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SCHL Scholastic
$20.05 /

-0.07 (-0.35%)

Over a month ago
Earnings
Scholastic reports Q4 adjusted EPS (23c), one estimate (93c) » 16:55
07/23/20
07/23
16:55
07/23/20
16:55
SCHL

Scholastic

$28.46 /

-0.69 (-2.37%)

Reports Q4 revenue…

Reports Q4 revenue $$284.0M, one estimate $272.6M. "In Q4, we took decisive action to mitigate the impact of COVID-19 on our operating income and cash flow, while continuing to support schools, teachers, parents and children as schools were closed in the U.S. and globally," said CEO Richard Robinson. "Responding to the revenue drop from school closings of $187M, primarily from book clubs and book fairs, we focused on four key areas. First, we successfully drove a 45% increase in trade sales in the quarter, as children who could not access our in-school clubs and fairs found our books in stores and on-line(...) Second, our new Scholastic Learn at Home hub, a free at-home digital learning tool for pre-K to Grade 6 and up, reached over 20 million families as they looked for support for home learning, paving the way for future revenue opportunities. Third, we successfully preserved cash through reducing inventory purchases, cutting capital spending, and suspending our stock buy-back program. And fourth, we slashed costs by more than $50M in the quarter through closing distribution centers in highly impacted regions, scaling our operations to meet near-term business needs, and reducing labor costs. We ended the fiscal year with a strong balance sheet, with over $175M in net cash and stockholders' equity of approximately $1.2B."

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SCHL Scholastic
$28.46 /

-0.69 (-2.37%)

SCHL Scholastic
$28.46 /

-0.69 (-2.37%)

Over a quarter ago
Hot Stocks
Fly Intel: After Hours Movers » 18:28
03/19/20
03/19
18:28
03/19/20
18:28
CRWD

Crowdstrike

$41.70 /

+2.98 (+7.70%)

, SCHL

Scholastic

$24.41 /

+2.77 (+12.80%)

, RAND

Rand Capital

$2.35 /

+0.12 (+5.38%)

, UAL

United Airlines

$21.27 /

-0.11 (-0.51%)

, OLLI

Ollie's Bargain Outlet

$37.75 /

+3.76 (+11.06%)

, TSLA

Tesla

$427.64 /

+66.1 (+18.28%)

, KSS

Kohl's

$17.19 /

+1.77 (+11.48%)

, BBBY

Bed Bath & Beyond

$5.41 /

+0.83 (+18.12%)

, YELP

Yelp

$16.70 /

+2.235 (+15.45%)

UP AFTER EARNINGS:…

UP AFTER EARNINGS: Crowdstrike (CRWD) up 19.9%... Scholastic (SCHL) up 1.8%. ALSO HIGHER: Rand Capital (RAND) up 154% after announcing its Rheonix developing COVID-19 assay... United Airlines (UAL) up 3.4% after Apollo reportedly buys part of UA's loan. DOWN AFTER EARNINGS: Ollie's Bargain (OLLI) down 7.4%. ALSO LOWER: Tesla (TSLA) down 5.7% after suspending production at Fremont... Kohls (KSS) down 3.1% after withdrawing guidance, closing stores... Bed Bath Beyond (BBBY) down 2.0% after announcing over 50% of all stores closing... Yelp (YELP) down 1.3% after withdrawing guidance. Movers as of 18:15ET.

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CRWD Crowdstrike
$41.70 /

+2.98 (+7.70%)

03/16/20 RBC Capital
Crowdstrike upgraded to Outperform from Sector Perform at RBC Capital
02/13/20 Mizuho
Crowdstrike price target raised to $85 from $77 at Mizuho
02/11/20
Crowdstrike upgraded to Buy at DA Davidson on ARR growth potential
02/11/20 DA Davidson
Crowdstrike upgraded to Buy from Neutral at DA Davidson
SCHL Scholastic
$24.41 /

+2.77 (+12.80%)

RAND Rand Capital
$2.35 /

+0.12 (+5.38%)

05/06/19
User-Friendly urges Rand stockholders to vote against East transaction
UAL United Airlines
$21.27 /

-0.11 (-0.51%)

03/16/20 Stifel
Stifel downgrades United Airlines to Hold, assumes flights stop in Q2
03/13/20
Fly Intel: Top five analyst downgrades
03/13/20 UBS
UBS downgrades United Airlines, JetBlue, lowers price targets on Airlines
03/13/20 UBS
United Airlines downgraded to Neutral from Buy at UBS
OLLI Ollie's Bargain Outlet
$37.75 /

+3.76 (+11.06%)

03/04/20
Fly Intel: Top five analyst downgrades
03/04/20 Roth Capital
Ollie's Bargain Outlet downgraded to Neutral from Buy at Roth Capital
02/12/20 Piper Sandler
Ollie's Bargain Outlet selloff brings attractive entry point, says Piper Sandler
02/10/20 RBC Capital
Ollie's Bargain Outlet price target lowered to $65 from $76 at RBC Capital
TSLA Tesla
$427.64 /

+66.1 (+18.28%)

03/19/20
Fly Intel: Top five analyst upgrades
03/19/20 Canaccord
Tesla price target lowered to $400 from $750 at Canaccord
03/19/20 Wedbush
Tesla price target lowered to $425 from $710 at Wedbush
03/19/20 Morgan Stanley
Morgan Stanley upgrades Tesla to Equal Weight on expectation reset
KSS Kohl's
$17.19 /

+1.77 (+11.48%)

03/04/20 Baird
Kohl's price target lowered to $48 from $52 at Baird
03/04/20 Credit Suisse
Kohl's price target lowered to $40 from $48 at Credit Suisse
03/02/20 Wedbush
Kohl's price target lowered to $35 from $45 at Wedbush
01/09/20 BofA
Kohl's downgraded to Neutral from Buy at BofA
BBBY Bed Bath & Beyond
$5.41 /

+0.83 (+18.12%)

03/16/20 Morgan Stanley
Morgan Stanley upgrades Costco and Autozone, cuts Bed Bath on COVID-19 impacts
03/16/20 Morgan Stanley
Bed Bath & Beyond downgraded to Underweight from Equal Weight at Morgan Stanley
02/24/20 Morgan Stanley
Bed Bath & Beyond results may get worse before better, says Morgan Stanley
02/13/20 JPMorgan
Bed Bath & Beyond price target lowered to $10 from $13 at JPMorgan
YELP Yelp
$16.70 /

+2.235 (+15.45%)

03/03/20 Jefferies
Booking, Expedia, TripAdvisor price targets lowered at Jefferies
02/14/20
Fly Intel: Top five analyst downgrades
02/14/20 RBC Capital
Yelp downgraded to Sector Perform from Outperform at RBC Capital
02/14/20 RBC Capital
Yelp downgraded to Sector Perform from Outperform at RBC Capital
Hot Stocks
Scholastic suspends 2020 guidance » 16:07
03/19/20
03/19
16:07
03/19/20
16:07
SCHL

Scholastic

$24.32 /

+2.68 (+12.38%)

Scholastic reported that…

Scholastic reported that it cannot affirm its current guidance ranges as a direct result of mandated school closings in North America, the company's largest market. Through the nine months ended February 29, 2020, the company remained on course to achieve its operating goals for 2020 fiscal year revenues and Adjusted EBITDA. The Company's long-term capital investment plan also remained on target, although project spending is now being deferred to safeguard the company's cash position against lower business volumes. The company has already taken actions to help mitigate any adverse impact to profitability and cash flow in Q4, including: a freeze on all spending not directly tied to short-term revenue; reduced inventory purchasing; a reduction in labor costs; and temporary closures of warehousing and distribution centers in highly impacted regions, while working proactively with schools.

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Earnings
Scholastic reports Q3 EPS ex-items (34c), consensus (64c) » 16:05
03/19/20
03/19
16:05
03/19/20
16:05
SCHL

Scholastic

$24.44 /

+2.8 (+12.94%)

Reports Q3 revenue…

Reports Q3 revenue $373.3M, consensus $342.1M. "Following our strong Q3 with revenue gains of 4% and a threefold improvement in adjusted EBITDA, and year-to-date results trending ahead of our fiscal year targets, Scholastic's business in Q4 will be affected by coronavirus-related school closings mandated by states and districts, which will impact our school-based businesses directly. Given this situation, we will no longer be affirming guidance for the fiscal year," said CEO Richard Robinson. "While revenues will be lower in the seasonally important Q4, we are taking aggressive actions to reduce operating expenses throughout the company, including the temporary closing of warehousing and distribution centers, and a freeze on hiring, travel and other discretionary spending not directly tied to short-term revenue, while working hard to ensure the safety and well-being of our staff worldwide. And still, we remain dedicated to our mission, providing the children and schools we serve free access to Scholastic's Learn at Home digital hub with learning content for children from Pre-K to 12, which has seen over eight million visitors in less than one week as parents turn to Scholastic for resources to help their children learn at home. Scholastic has significant cash reserves and access to liquidity, and we have implemented immediate actions to protect our strong financial position in this period of uncertainty by discontinuing all non-essential cash outlays and deferring capital spending plans (...)"

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Hot Stocks
Scholastic completes acquisition of Mrs. Nelson's Book Fairs » 12:43
12/20/19
12/20
12:43
12/20/19
12:43
SCHL

Scholastic

$41.89 /

+3.38 (+8.78%)

Scholastic Corporation…

Scholastic Corporation announced that its wholly-owned subsidiary Scholastic Book Fairs has completed the acquisition of the assets of Pomona, California-based Mrs. Nelson's Book Fairs. Financial terms of the transaction are undisclosed.

Hot Stocks
Fly Intel: After Hours Movers » 18:41
12/19/19
12/19
18:41
12/19/19
18:41
SCHL

Scholastic

$38.51 /

-1.02 (-2.58%)

, AIR

AAR Corp.

$45.61 /

+0.46 (+1.02%)

, MITK

Mitek Systems

$7.27 /

-0.14 (-1.89%)

, CNCE

Concert Pharmaceuticals

$8.69 /

+0.03 (+0.35%)

, AXGT

Axovant

$5.22 /

+0.2 (+3.98%)

, GPOR

Gulfport Energy

$3.32 /

+0.225 (+7.27%)

, BJ

BJ's Wholesale

$22.75 /

-0.55 (-2.36%)

, CAMP

CalAmp

$11.87 /

+0.5 (+4.40%)

, SGH

Smart Global

$36.50 /

+1.33 (+3.78%)

, NKE

Nike

$101.16 /

+0.57 (+0.57%)

, KNX

Knight-Swift

$35.78 /

-0.41 (-1.13%)

UP AFTER EARNINGS:…

UP AFTER EARNINGS: Scholastic Corp (SCHL) up 11.5%... AAR Corp (AIR) up 7.3%. ALSO HIGHER: Mitek (MITK) up 6.8% after new $10M stock buyback... Concert Pharma (CNCE) up 5.8% after completing CTP-543 open label trial... Axovant (AXGT) up 5.6% after providing clinical update for AAV-GM1 therapy... Gulfport Energy (GPOR) up 2.6% after divesting $100M in non-core assets... BJs Wholesale (BJ) up 1.4% after naming new CEO. DOWN AFTER EARNINGS: CalAmp (CAMP) down 11.0%... Smart Global (SGH) down 4.2%... Nike (NKE) down 1.8%. ALSO LOWER: Knight-Swift Transportation (KNX) down 2.7% after cutting Q4 guidance. Movers as of 18:30ET.

ShowHide Related Items >><<
SCHL Scholastic
$38.51 /

-1.02 (-2.58%)

AIR AAR Corp.
$45.61 /

+0.46 (+1.02%)

09/26/19 Truist
AAR Corp price target raised to $46 from $40 at SunTrust
09/26/19 Stifel
AAR Corp. price target raised to $55 from $50 at Stifel
09/26/19 Credit Suisse
AAR Corp. price target raised to $54 from $46 at Credit Suisse
09/26/19 Canaccord
AAR Corp. price target raised to $52 from $48 at Canaccord
MITK Mitek Systems
$7.27 /

-0.14 (-1.89%)

11/15/19
Fly Intel: Top five analyst downgrades
11/15/19 Roth Capital
Mitek Systems downgraded on USAA litigation risk at Roth Capital
11/15/19 Roth Capital
Mitek Systems downgraded to Neutral from Buy at Roth Capital
11/08/19 William Blair
William Blair positive on Mitek, watching USAA patent disputes
CNCE Concert Pharmaceuticals
$8.69 /

+0.03 (+0.35%)

12/03/19 Truist
Concert Pharmaceuticals price target raised to $25 from $20 at SunTrust
10/03/19 H.C. Wainwright
Concert selloff brings attractive entry point, says H.C. Wainwright
10/02/19 Mizuho
Concert Pharmaceuticals shares offer 'significant value,' says Mizuho
09/30/19 Truist
Concert Pharmaceuticals price target lowered to $20 from $30 at SunTrust
AXGT Axovant
$5.22 /

+0.2 (+3.98%)

08/12/19 Baird
Axovant upgraded to Outperform at Baird
08/12/19 Baird
Axovant upgraded to Outperform from Neutral at Baird
06/21/19 SVB Leerink
Axovant initiated with an Outperform at SVB Leerink
06/06/19 JMP Securities
Axovant price target raised to $28 after reverse split at JMP Securities
GPOR Gulfport Energy
$3.32 /

+0.225 (+7.27%)

11/15/19 Truist
Gulfport Energy downgraded to Hold from Buy at SunTrust
11/15/19 Truist
Gulfport Energy downgraded to Hold from Buy at SunTrust
10/18/19 Imperial Capital
Gulfport Energy price target lowered to $5 from $11 at Imperial Capital
BJ BJ's Wholesale
$22.75 /

-0.55 (-2.36%)

12/09/19 Goldman Sachs
O'Reilly Automotive downgraded to Neutral from Buy at Goldman Sachs
11/22/19 Loop Capital
BJ's Wholesale price target lowered to $30 from $35 at Loop Capital
11/07/19 Nomura
BJ's Wholesale initiated with a Buy at Nomura Instinet
09/18/19 Citi
Walmart price target raised to $135 from $129 at Citi
CAMP CalAmp
$11.87 /

+0.5 (+4.40%)

10/23/19 Northland
CalAmp's recent blog post reveals Amazon as customer, says Northland
09/27/19 Canaccord
CalAmp Q2 results strong as management continues to execute, says Canaccord
06/28/19 Northland
CalAmp upgraded to Outperform from Market Perform at Northland
05/29/19 Goldman Sachs
CalAmp downgraded to Sell from Neutral at Goldman Sachs
SGH Smart Global
$36.50 /

+1.33 (+3.78%)

11/13/19 Stifel
Smart Global resumed with a Buy at Stifel
10/04/19 Deutsche Bank
Smart Global price target lowered to $30 from $36 at Deutsche Bank
10/04/19 Needham
Smart Global price target lowered to $35 from $40 at Needham
10/04/19 Jefferies
Jefferies cuts Smart Global target to $33, calls current valuation 'compelling'
NKE Nike
$101.16 /

+0.57 (+0.57%)

12/18/19 Guggenheim
Nike, TJX, Capri, Revolve among Guggenheim's top picks in U.S. retail for 2020
12/17/19 Needham
Nike price target raised to $105 from $98 at Needham
12/11/19 Morgan Stanley
Nike 'margin transformation' obscured for now by tariffs, says Morgan Stanley
12/11/19 Wedbush
Nike price target raised to $110 from $100 at Wedbush
KNX Knight-Swift
$35.78 /

-0.41 (-1.13%)

12/17/19 BofA
UPS added to US 1 List, Knight-Swift removed at BofA/Merrill
12/05/19 Goldman Sachs
Knight-Swift initiated with a Conviction Buy at Goldman Sachs
10/24/19 Citi
Knight-Swift outlook points to bottom in fundamentals, says Citi
10/16/19 Citi
Knight-Swift should rally on 2020 estimate certainty, says Citi

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