Stock of the Day - June 27, 2024

Skillsoft (SKIL)

$6.46

-$0.13 (-2.0%)

Market Cap: $59.10M

About Skillsoft

Skillsoft Corp. provides content and platform and instructor-led training services in the United States and internationally. The company's Content & Platform segment engages in the sale, marketing, and delivery of its content learning solutions in areas, such as leadership and business, technology and developer, and compliance comprising individualized coaching, as well as technical skill areas.

This segment also offers Percipio, an AI-driven online learning platform that delivers a learning experience through SaaS solutions. Its Instructor-Led Training segment provides training solutions, including information technology and business skills for corporations and their employees by guiding its customers throughout their lifelong technology learning journey by offering relevant and up-to-date skills training through instructor-led and self-paced, vendor certified, and other proprietary offerings. The company markets and sells their offerings to businesses of many sizes, government agencies, educational institutions, and resellers. Skillsoft Corp. is headquartered in Greenwood Village, Colorado.

Today's Trend

Skillsoft Corp. (NYSE: SKIL) is likely trading lower after its fiscal Q1 2027 report and full-year outlook highlighted a mixed picture: the company beat earnings expectations but missed revenue estimates and issued FY 2027 revenue guidance of $388 million to $406 million, well below Wall Street expectations. Investors may also be focused on the company’s plan to divest Global Knowledge and refinance debt, which signals a major restructuring effort but also underscores ongoing balance-sheet pressure.

Skillsoft’s Q1 fiscal 2027 EPS of $1.16 far exceeded the consensus estimate of $0.05, showing stronger-than-expected profitability in the quarter. Skillsoft Reports Financial Results for the First Quarter and Full Year of Fiscal 2027
The company’s new AI-focused research report found that 86% of employees already use AI tools at work, but only 24% feel fully equipped to use them effectively, reinforcing demand for Skillsoft’s workforce training products. Only 1 in 4 Employees Feel Equipped for AI, Skillsoft Research Finds
Management outlined FY 2027 revenue guidance of $388 million to $406 million and emphasized a Global Knowledge divestiture, suggesting a strategic reset that could improve focus but also reflects near-term uncertainty. Skillsoft outlines FY 2027 revenue of $388M-$406M with focus on Global Knowledge divestiture and debt refinancing
Revenue for the quarter came in at $94.5 million, below analysts’ estimate of $121.1 million, which may outweigh the earnings beat in investors’ minds. Skillsoft Reports Financial Results for the First Quarter and Full Year of Fiscal 2027
The company’s revenue outlook also fell short of consensus, raising concerns that growth may remain weak despite improving AI-driven demand. Skillsoft Corp. (SKIL) Q1 Earnings Beat Estimates

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