Skillsoft Corp Down 10.71% To $1.50 After Earnings Meet

Skillsoft Corp (SKIL) missed earnings estimates for Q1 2024 this afternoon.

Wall Street earnings per share (EPS) projections for Skillsoft Corp were at a loss of $0.18 per share. The company missed those estimates with an EPS loss of $0.18 per share. The loss of $0.18 per share (which represents a -0% EPS surprise) led to the company's profits falling 20% compared to last year when the firm reported an EPS loss of $0.15 per share. The decline in Skillsoft Corp's annual growth rate represents how the business isn't performing well amid current economic conditions.

Analyst projections for Skillsoft Corp revenue came in at a consensus of $136.5 million. First-Quarter revenues missed estimates for $135.6 million by $946 thousand (1%). The company achieved 1% growth year-over-year compared to the firm's revenue of $134.8 million from the year-ago quarter. The lower earnings growth relative to revenue signals Skillsoft Corp has not been able to improve its profit margin.

The stock is down 10.71% to $1.50 after the report.

Skillsoft Corp's earnings expanded faster than revenues, signaling widening profit margins.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Skillsoft Corp has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 22, putting Skillsoft Corp in the bottom 25% of stocks. The firm set a 52-week low on December 19, 2022 at $1.03 and set a 52-week high on June 8, 2022 at $6.65.

Skillsoft Corp is a leader in corporate digital learning. It democratizes learning through an intelligent learning experience and a customized, learner-centric approach to skills development with resources for Leadership Development, Business Skills, Technology and Developer, Digital Transformation, and Compliance.