Acxiom Maintains FY18 Outlook Post Facebook's New Guidelines
Zacks Investment Research | Apr 02, 2018 02:48AM ET
Acxiom Corporation’s (NASDAQ:ACXM) shares declined 19% closing at $22.71 on Mar 29, after Facebook (NASDAQ:FB) temporarily severed its collaboration with third-party data providers. With a view to satiate potential investors and existing shareholders, the company recently issued a press release stating that fiscal 2018 revenues and EPS outlook remain steady.
For fiscal 2018, revenues are expected in the range of $910-$915 million, up 6% from fiscal 2017. The Zacks Consensus Estimate is pegged at $912.16 million.
Non-GAAP earnings are projected within 85-89 cents per share, up 20-25% year over year. The guidance includes tax reform benefit of 4-5 cents. The Zacks Consensus Estimate is pegged at 87 cents per share.
Acxiom however, updated preliminary 2019 guidance on Facebook’s Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.