Q1 Earnings Preview For Phoenix New Media
Phoenix New Media (NYSE: FENG) releases its next round of earnings this Monday, May. 13. Get the latest predictions in Benzinga's essential guide to the company's first-quarter earnings report.
Earnings and Revenue
Wall Street expects an EPS loss of 17 cents and sales around $39.63 million.
Phoenix New Media EPS loss in the same period a year ago was 11 cents. Sales were $45.34 million. Revenue would be down 12.60 percent from the same quarter last year. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:
Quarter | Q4 2018 | Q3 2018 | Q2 2018 | Q1 2018 | Q4 2017 |
EPS Estimate | -0.05 | 0.04 | 0.04 | -0.12 | 0.02 |
EPS Actual | -0.08 | -0.04 | 0.11 | -0.11 | 0.02 |
Stock Performance
Shares of Phoenix New Media were trading at $4.01 as of May 13. Over the last 52-week period, shares are down 6.31 percent. Given that these returns are generally negative, long-term shareholders are probably unhappy going into this earnings release.
Over the past 90 days, analysts have generally adjusted their estimates lower for EPS and revenues. The popular rating by analysts on Phoenix New Media stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Phoenix New Media's conference call is scheduled to begin at 9:00 p.m. ET and can be accessed here: https://edge.media-server.com/m6/p/v5u7urjk
See more from Benzinga
© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
