Meredith (NYS: MDP) reported earnings on July 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q4), Meredith met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share grew.
Margins grew across the board.
Meredith booked revenue of $387.0 million. The five analysts polled by S&P Capital IQ expected to see revenue of $384.1 million on the same basis. GAAP reported sales were 3.3% higher than the prior-year quarter's $374.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $0.75. The six earnings estimates compiled by S&P Capital IQ averaged $0.72 per share. GAAP EPS of $0.75 for Q4 were 12% higher than the prior-year quarter's $0.67 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 62.6%, 150 basis points better than the prior-year quarter. Operating margin was 15.0%, 40 basis points better than the prior-year quarter. Net margin was 8.7%, 70 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $355.5 million. On the bottom line, the average EPS estimate is $0.50.
Next year's average estimate for revenue is $1.48 billion. The average EPS estimate is $2.79.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 121 members out of 149 rating the stock outperform, and 28 members rating it underperform. Among 68 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 62 give Meredith a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Meredith is hold, with an average price target of $41.83.
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The article Meredith Beats Analyst Estimates on EPS originally appeared on Fool.com.
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