Brokerages Expect Skillsoft Corp. (NASDAQ:SKIL) Will Post Earnings of -$0.16 Per Share

Analysts predict that Skillsoft Corp. (NASDAQ:SKIL – Get Rating) will post ($0.16) earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Skillsoft’s earnings. The lowest EPS estimate is ($0.22) and the highest is ($0.10). The company is expected to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Skillsoft will report full-year earnings of ($0.36) per share for the current year, with EPS estimates ranging from ($0.42) to ($0.30). For the next financial year, analysts forecast that the business will post earnings of ($0.29) per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Skillsoft.

Skillsoft (NASDAQ:SKIL – Get Rating) last released its quarterly earnings data on Wednesday, April 6th. The company reported ($0.11) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.11). The business had revenue of $176.49 million during the quarter, compared to analysts’ expectations of $175.26 million.

Several brokerages recently weighed in on SKIL. Piper Sandler cut their price target on shares of Skillsoft from $10.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, April 7th. Barclays assumed coverage on shares of Skillsoft in a research note on Thursday, May 5th. They set an “overweight” rating on the stock. Colliers Securities assumed coverage on Skillsoft in a research report on Wednesday, March 16th. They set a “buy” rating and a $13.00 target price on the stock. Finally, Zacks Investment Research upgraded Skillsoft from a “sell” rating to a “hold” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Skillsoft has a consensus rating of “Buy” and a consensus target price of $13.50.

A number of hedge funds have recently bought and sold shares of SKIL. Daiwa Securities Group Inc. acquired a new stake in Skillsoft during the 4th quarter worth $35,000. Geode Capital Management LLC increased its holdings in Skillsoft by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 566,477 shares of the company’s stock valued at $5,183,000 after acquiring an additional 5,351 shares in the last quarter. Swiss National Bank increased its holdings in Skillsoft by 7.4% during the 1st quarter. Swiss National Bank now owns 157,300 shares of the company’s stock valued at $950,000 after acquiring an additional 10,900 shares in the last quarter. Teton Advisors Inc. purchased a new position in Skillsoft during the 3rd quarter valued at about $129,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Skillsoft during the 4th quarter worth about $102,000. Hedge funds and other institutional investors own 80.16% of the company’s stock.

Shares of Skillsoft stock traded up $0.26 during midday trading on Friday, hitting $4.49. The company had a trading volume of 469,192 shares, compared to its average volume of 389,939. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 0.78. The company has a fifty day simple moving average of $5.74 and a 200 day simple moving average of $7.98. Skillsoft has a 12-month low of $4.11 and a 12-month high of $12.88.

About Skillsoft (Get Rating)

Skillsoft Corp. provides corporate digital learning services in the United States and internationally. The company offers enterprise learning solutions to prepare organizations for the future of work, as well as enable them to overcome critical skill gaps, drive demonstrable behavior-change, and unlock the potential in their greatest assets.

Featured Stories