Scholastic: Multi-Year Publishing Cycle Could Start With New Harry Potter HBO Series

Scholastic has a decent outlook, targeting 2–4% revenue growth and $135–$145M adjusted EBITDA for fiscal 2027 - adjusted for the leaseback effects. Key catalysts include the upcoming Hunger Games movie and the Harry Potter HBO series, both expected to drive franchise momentum and book sales, suggesting a decent quarter for fairs. Valuation is maybe interesting, with SCHL trading at a discount to possible peers like Pearson, despite having pretty top-shelf franchises to publish.