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Educational Development Corp. (EDUC)
NASDAQ:EDUC
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Earnings Data
Report Date
Jan 13, 2025After Close Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
―Last Year’s EPS
$0.24Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 10, 2024
|% Change Since: -28.18%
|Next Earnings Date:Jan 13, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a challenging financial quarter for the Educational Development Corporation, characterized by significant revenue declines and net losses. However, the company is taking steps to improve its financial position through strategic cost reductions, successful sales promotions, and the anticipated sale and leaseback of its headquarters. While these measures are promising, the current financial challenges weigh heavily on the overall sentiment.Company Guidance
During Educational Development Corporation's Q2 2025 earnings call, several key metrics were highlighted, reflecting the company's financial performance and strategic initiatives. Net revenues for the second quarter were reported at $6.5 million, a decline from $10.6 million in the previous year. The company experienced a net loss of $1.8 million compared to a net income of $1.1 million in the prior year's second quarter, translating to a loss per share of $0.20, down from an income per share of $0.13. Active brand partners also decreased to 13,900 from 18,100. Year-to-date figures showed net revenues of $16.5 million, down from $25.1 million, with a net loss of $3.1 million compared to a net income of $0.2 million. Additionally, Craig White, the CEO, discussed efforts to improve operational efficiency, including a sale and leaseback transaction of the company's headquarters, and emphasized strategic sales and marketing promotions aimed at boosting brand partner growth and reducing excess inventory.Strategic Cost Reductions
The company successfully reduced outbound parcel costs by approximately 20% and made other cost-reduction efforts like consolidating operations to improve efficiency.
Anticipated Sale and Leaseback of Headquarters
The expected sale of the Hilti complex is anticipated to fully pay off the bank, leaving the company with no debt and limited future borrowing needs.
Successful Sales Promotions
Sales promotions like the 'dollar days' incentives and recruiting promotions helped in moving inventory and growing brand partner engagement.
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EDUC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EDUC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 10, 2024 | $2.20 | $2.06 | -6.36% |
| Jul 11, 2024 | $1.92 | $1.90 | -1.04% |
| May 21, 2024 | $2.18 | $2.00 | -8.26% |
| Jan 11, 2024 | $1.22 | $1.42 | +16.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Educational Development Corp. (EDUC) report earnings?
Educational Development Corp. (EDUC) is schdueled to report earning on Jan 13, 2025, After Close Not Confirmed.
What is Educational Development Corp. (EDUC) earnings time?
Educational Development Corp. (EDUC) earnings time is at Jan 13, 2025, After Close Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EDUC EPS forecast?
Currently, no data Available
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