Shares of Scholastic Corporation (SCHL) surged 15.92% in pre-market trading on Friday, following the company's release of its fiscal 2025 results and outlook for the upcoming year. The children's publishing and education company's stock climbed to $24.70 in after-hours trading, reflecting investor optimism about its future prospects.
The significant uptick in Scholastic's stock price comes on the heels of the company's latest financial report, which showcased strong performance for fiscal 2025. More importantly, Scholastic's outlook for the new fiscal year 2026 indicates that the company is well-positioned for robust earnings growth, sparking enthusiasm among investors.
While specific details of the earnings report were not provided, the market's reaction suggests that Scholastic's financial results and future guidance have exceeded analyst expectations. The company's ability to project strong earnings growth in the coming fiscal year is particularly noteworthy, especially given the challenges faced by the education and publishing sectors in recent years. Investors will likely be watching closely for more detailed information about Scholastic's strategies and initiatives that are expected to drive this anticipated growth.