All You Need to Know About Skillsoft (SKIL) Rating Upgrade to Strong Buy

Core Viewpoint - Skillsoft Corp. (SKIL) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][2]. Earnings Estimates and Stock Price Movement - The Zacks rating system emphasizes the correlation between changes in earnings estimates and stock price movements, making it a valuable tool for investors [2][3]. - Institutional investors often adjust their valuations based on earnings estimates, leading to significant stock price movements when estimates are revised [3]. Skillsoft's Earnings Outlook - For the fiscal year ending January 2025, Skillsoft is projected to earn -$9.80 per share, reflecting a 26.4% change from the previous year's reported figure [7]. - Over the past three months, the Zacks Consensus Estimate for Skillsoft has increased by 19%, indicating a positive trend in earnings expectations [7]. Zacks Rank System - The Zacks Rank system categorizes stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [6]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, highlighting Skillsoft's strong position in terms of earnings estimate revisions [8][9].