PowerSchool Holdings, Inc. (NYSE:PWSC) Expected to Announce Quarterly Sales of $146.76 Million

Equities analysts expect PowerSchool Holdings, Inc. (NYSE:PWSCGet Rating) to report sales of $146.76 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for PowerSchool’s earnings, with estimates ranging from $146.30 million to $147.35 million. The company is expected to issue its next earnings report after the market closes on Monday, January 1st.

On average, analysts expect that PowerSchool will report full-year sales of $623.72 million for the current fiscal year, with estimates ranging from $623.00 million to $624.70 million. For the next financial year, analysts forecast that the firm will report sales of $690.99 million, with estimates ranging from $688.20 million to $693.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for PowerSchool.

PowerSchool (NYSE:PWSCGet Rating) last posted its quarterly earnings data on Thursday, March 3rd. The company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.15. The firm had revenue of $146.10 million during the quarter, compared to analysts’ expectations of $140.82 million.

A number of brokerages have commented on PWSC. Piper Sandler dropped their target price on shares of PowerSchool from $24.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, March 4th. Zacks Investment Research upgraded shares of PowerSchool from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Saturday, March 12th. Barclays dropped their price objective on shares of PowerSchool from $33.00 to $20.00 in a research note on Wednesday, January 19th. Jefferies Financial Group dropped their price objective on shares of PowerSchool from $38.00 to $32.00 in a research note on Thursday, January 6th. Finally, Macquarie increased their price objective on shares of PowerSchool from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, March 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, PowerSchool has a consensus rating of “Buy” and a consensus price target of $26.91.

PowerSchool stock traded up $0.34 during midday trading on Friday, reaching $15.91. The stock had a trading volume of 13,573 shares, compared to its average volume of 484,872. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.45 and a quick ratio of 0.45. PowerSchool has a 52-week low of $12.35 and a 52-week high of $36.56. The stock has a fifty day simple moving average of $16.44.

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC purchased a new position in shares of PowerSchool in the third quarter worth $16,045,000. Ghisallo Capital Management LLC purchased a new position in shares of PowerSchool in the third quarter worth $4,922,000. California State Teachers Retirement System purchased a new position in shares of PowerSchool in the third quarter worth $573,000. Strs Ohio purchased a new position in shares of PowerSchool in the third quarter worth $243,000. Finally, Deutsche Bank AG purchased a new position in shares of PowerSchool in the third quarter worth $610,000. 99.97% of the stock is owned by institutional investors.

About PowerSchool (Get Rating)

PowerSchool Holdings, Inc provides cloud-based software to the K-12 education market. Its solution is embedded in school workflows and is used on daily basis by educators, students, administrators, and parents in schools and districts representing approximately 45 million students worldwide. Its cloud-based technology platform helps schools and districts manage state reporting and related compliance, special education, finance, human resource, talent, registration, attendance, funding, learning, instruction, grading, college and career readiness, assessments, and analytics.

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