Scholastic Corporation’s (SCHL) Third-Quarter Preview

Analysts Drew E. Crum and David Pang at Stifel Nicolaus have released a report previewing the third-quarter at Scholastic Corporation (NASDAQ: SCHL).

Analysts expect the company to report a loss of $0.08 on revenue of $425 million. Analysts believe that book retailers continue to manage inventories at lower levels though de-stocking has moderated.

Shares of Scholastic Corporation are trading at multiple of 13.8x FY11 EPS estimate of $2.17. The multiple is line with the peer group, according to analysts.

Analysts at Stifel Nicolaus have maintained their Hold rating for Scholastic Corporation.