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|
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.
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