Market Overview

Q1 Earnings Preview For Meredith

Share:

On Thursday, Meredith (NYSE: MDP) will release its latest earnings report. Benzinga's outlook for Meredith is included in the following report.

Earnings and Revenue

Meredith EPS is expected to be around 88 cents, according to sell-side analysts. Sales will likely be near $739.90 million.

Meredith EPS in the same period a year ago came in at a loss of 8 cents. Revenue was $756.70 million. Revenue would be down 2.22% from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

 

Quarter Q4 2019 Q3 2019 Q2 2019 Q1 2019
EPS Estimate 1.130 0.870 1.37 -0.2
EPS Actual 1.790 0.520 1.53 -0.08

Stock Performance

Over the last 52-week period, shares are down 30.13%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Over the past 90 days, analysts have adjusted their estimates higher for EPS and revenues. The most common rating by analysts on Meredith stock is a Neutral. The strength of this rating has maintained conviction over the past three months.

Conference Call

Don't be surprised to see the stock move on comments made during its conference call. Meredith is scheduled to hold the call at 8:30 a.m. ET and can be accessed here: https://ir.meredith.com/events-and-presentations/default.aspx

Posted-In: Earnings News

 

Related Articles (MDP)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com