Recap: Meredith Q2 Earnings

 

Shares of Meredith MDP rose 2.2% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were up 174.56% over the past year to $3.13, which beat the estimate of $2.19.

Revenue of $901,500,000 up by 11.23% from the same period last year, which beat the estimate of $849,310,000.

Outlook

Meredith hasn't issued any earnings guidance for the time being.

Meredith hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Feb 04, 2021

Time: 09:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.meredith.com%2F&eventid=2948400&sessionid=1&key=41D1D3BD3683F086C83CBD2171C746A9&regTag=&V2=false&sourcepage=register

Technicals

52-week high: $35.61

52-week low: $10.01

Price action over last quarter: Up 62.09%

Company Description

Meredith Corp is an American media company that focuses on publications and marketing services around the home, family, food, and lifestyle markets. The company operates two divisions: national media and local media. The national media segment publishes magazines such as Every Day with Rachael Ray, Better Homes and Gardens, Family Fun, and Parents; this segment is the source of the majority of Meredith's revenue. The local media segment owns over 15 television stations around the United States. In 2014, the company announced a 10-year licensing agreement with Martha Stewart Omnimedia to acquire the rights to Martha Stewart Living, Martha Stewart Weddings, and marthastewart.com.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: EarningsNewsBZI-Recaps
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!