Meredith MDP announces its next round of earnings this Thursday, September 5. Here is Benzinga's everything-that-matters guide for the Q4 earnings announcement.
Earnings and Revenue
Analysts covering Meredith modeled for quarterly EPS of $1.13 on revenue of $774.66 million.
In the same quarter last year, Meredith announced EPS of 69 cents on revenue of $788.10 million. If the company were to post earnings inline with the consensus estimate when it reports Thursday, EPS would be up 63.77%. Revenue would be down 1.71% from the year-ago period. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:
| Quarter | Q3 2019 | Q2 2019 | Q1 2019 | Q4 2018 |
| EPS Estimate | 0.870 | 1.37 | -0.2 | 0.78 |
| EPS Actual | 0.520 | 1.53 | -0.08 | 0.69 |
Stock Performance
Over the last 52-week period, shares are down 17.02%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The most common rating from analysts on Meredith stock is a Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
Meredith is scheduled to hold a conference call at 8:30 a.m. ET and can be accessed here: https://ir.meredith.com/events-and-presentations/default.aspx
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
