Scholastic Corp (SCHL) Tops Q2 EPS by 29c, Reaffirms FY Guidance

(Updated - December 19, 2019 4:03 PM EST)

(Updated - December 19, 2019 4:02 PM EST)

Scholastic Corp (NASDAQ: SCHL) reported Q2 EPS of $2.06, $0.29 better than the analyst estimate of $1.77. Revenue for the quarter came in at $597.2 million versus the consensus estimate of $591.2 million.

Fiscal 2020 Outlook Affirmed:

The Company remains on course to achieve its operating goals for the 2020 fiscal year and is affirming its outlook for revenues in the range of $1.67 to $1.70 billion, up from $1.65 billion in fiscal 2019, and Adjusted EBITDA (as defined in the accompanying tables) of $140 to $160 million, up from $121.3 million in fiscal 2019. The Company's long-term capital investment plan also remains on target with planned capital expenditures of $75 to $85 million in fiscal 2020, compared to $95.0 million in fiscal 2019.

(Updated with adjusted EPS)

For earnings history and earnings-related data on Scholastic Corp (SCHL) click here.

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