Earnings Preview For Meredith
Meredith (NYSE: MDP) releases its next round of earnings Wednesday. Get the latest predictions in Benzinga's essential guide to the company's Q2 earnings report.
Earnings and Revenue
Analysts expect Meredith earnings of 89 cents per share. Revenue will likely be around $415.4 million, according to the consensus estimate.
Meredith earnings in the same period a year ago were $1.30 per share. Quarterly sales came in at $442 million. Sales would have fallen 6.15 percent from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q1 2018 | Q4 2017 | Q3 2017 |
EPS Estimate | 0.63 | 0.96 | 0.84 |
EPS Actual | 0.69 | 1.07 | 0.87 |
Q2 EPS Estimate: 89 cents per share
Q2 Revenues Estimate: $415 million
Stock Performance
Shares of Meredith were trading at $67.10. Over the last 52-week period, shares are up 8.77 percent. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. Analysts seem to have settled on a Neutral rating with Meredith. The strength of this rating has maintained conviction over the past three months.
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