Will Q3 Earnings Hold A Surprise For Meredith (MDP) Stock?
Zacks Investment Research | Apr 23, 2017 09:40PM ET
Meredith Corporation (NYSE:MDP) , one of leading media and marketing companies in the U.S. is slated to release third-quarter fiscal 2017 results on Apr 27. The company has outpaced the Zacks Consensus Estimate for 13 straight quarters when it reported the fiscal second quarter. In the trailing four quarters, it has posted an average earnings beat of 7.6%. Let’s see how things are shaping up prior to this announcement.
What to Expect?
The question lingering in investors’ minds now is whether Meredith will be able to post positive earnings surprise in the quarter to be reported. The current Zacks Consensus Estimate for the quarter under review is 87 cents, reflecting a year-over-year decrease of nearly 6%. We note that the Zacks Consensus Estimate has increased by a couple of cents in the past 60 days. Analysts polled by Zacks expect revenues of $419.2 million compared with $422.8 million reported in the year-ago quarter.
We noted that the stock has outperformed the Zacks categorized Original post
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.