Meredith Corporation (NYSE:MDP) is set to announce first quarter earning results on Thursday 5th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, MDP to report 1Q21 income of $ 0.17 per share from revenue of $ 659.96 million.
For the full year, analysts anticipate top line of $ 2785.97 million, while looking forward to income of $ 2.78 per share bottom line.
Previous Quarter Performance
Meredith Corporation revealed loss for the fourth quarter of $ 0.14 per share, from the revenue of $ 611.20 million. Wall street analysts are predicting, MDP to report 4Q20 income of $ 0.29 per share from revenue of $ 641.64 million. The bottom line results missed street analysts by $ 0.43 or 148.28 percent, at the same time, top line results fell short of analysts by $ 30.44 million or 4.74 percent.
Stock Performance
Shares of Meredith Corporation traded low $ -0.52 or -4.50 percent on Wednesday, reaching $ 11.03 with volume of 632.20 thousand shares. Meredith Corporation has traded high as $ 11.47 and has cracked $ 11.00 on the downward trend
The closing price of $ 11.03, representing a 15.38 % increase from the 52 week low of $ 10.01 and a 71.01 % decrease over the 52 week high of $ 39.84.
The company has a market capital of $ 501.58 million and is part of the Consumer Cyclical sector and Publishing industry.
Conference Call
Meredith Corporation will be hosting a conference call at 8:00 AM eastern time on 5th November 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.meredith.com
Meredith Corporation operates as a diversified media company in the United States, Europe, and Asia. It operates in two segments, National Media and Local Media. The National Media segment offers national consumer media brands through various media platforms, including print magazines, digital and mobile media, brand licensing activities, database-related activities, affinity marketing, and business-to-business marketing products and services.
