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Franklin Covey reported 1st Quarter November 2021 earnings of $0.27 per share on revenue of $61.3 million. The consensus earnings estimate was $0.03 per share on revenue of $56.1 million. Revenue grew 26.8% on a year-over-year basis.
The company said it continues to expect Adjusted EBITDA to total between $34.0 million and $36.0 million for the fiscal year ending August 31, 2022.
Franklin Covey Co provides training and consulting services to both organizations and individuals. The Company also provide clients with training in management skills, relationship skills and individual effectiveness.
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Since 07.01.2022 the stock is consolidating within an area ranging from $51.10 - $48.35.
WHAT DO I EXPECT NEXT?
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I can imagine that the Franklin Covey stock will continue to consolidate within the range and might break out of its consolidation channel as soon as the entire market has strength. If the stock moves above $51.10 with higher than average volume, it might be beneficial to buy the stock. When the stock price closes below its temporary low at $48.35 the trading scenario is invalid.
What are your thoughts? Leave a comment down below 👇
🚫 No investment advice, I am just displaying my personal opinion which might be wrong!
