Skillsoft Corp. (NASDAQ:SKIL) Expected to Announce Earnings of -$0.16 Per Share

Equities research analysts forecast that Skillsoft Corp. (NASDAQ:SKIL – Get Rating) will post earnings of ($0.16) per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Skillsoft’s earnings, with estimates ranging from ($0.22) to ($0.10). The company is scheduled to issue its next earnings report after the market closes 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 expect that the firm will report earnings of ($0.29) per share. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Skillsoft.

Skillsoft (NASDAQ:SKIL – Get Rating) last issued its earnings results on Wednesday, April 6th. The company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). The firm had revenue of $176.49 million during the quarter, compared to analyst estimates of $175.26 million.

SKIL has been the topic of a number of analyst reports. Zacks Investment Research raised Skillsoft from a “sell” rating to a “hold” rating in a report on Wednesday. Barclays started coverage on Skillsoft in a research note on Thursday, May 5th. They set an “overweight” rating for the company. Colliers Securities started coverage on Skillsoft in a research note on Wednesday, March 16th. They set a “buy” rating and a $13.00 target price for the company. Finally, Piper Sandler reduced their price objective on Skillsoft from $10.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, April 7th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $13.50.

Shares of NASDAQ SKIL traded up $0.14 during mid-day trading on Friday, reaching $5.78. 248,487 shares of the company traded hands, compared to its average volume of 421,348. 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’s fifty day moving average is $5.53 and its two-hundred day moving average is $7.47. Skillsoft has a fifty-two week low of $4.11 and a fifty-two week high of $12.88.

Several institutional investors have recently modified their holdings of the company. Daiwa Securities Group Inc. bought a new stake in shares of Skillsoft in the fourth quarter valued at about $35,000. State Street Corp increased its position in shares of Skillsoft by 1.6% in the first quarter. State Street Corp now owns 289,519 shares of the company’s stock valued at $1,749,000 after acquiring an additional 4,561 shares during the last quarter. Royal Bank of Canada increased its position in shares of Skillsoft by 979.4% in the first quarter. Royal Bank of Canada now owns 5,397 shares of the company’s stock valued at $33,000 after acquiring an additional 4,897 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Skillsoft by 8.9% in the first quarter. California State Teachers Retirement System now owns 61,559 shares of the company’s stock valued at $372,000 after acquiring an additional 5,049 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Skillsoft by 1.0% in the fourth 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 during the last quarter. Institutional investors own 80.16% of the company’s stock.

About Skillsoft (Get Rating)

Skillsoft Corp. provides corporate digital learning services in the United States and internationally. The company operates through Content, Global Knowledge, and SumTotal segments. It 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.

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