Meredith Beats Fiscal Q4 Street Views on EPS and Revenues

Meredith, a media conglomerate owner-operator of TV stations and magazines, Thursday reported fiscal Q4 ended June 30 earnings and revenues above Street views. The media house reported Q4 adjusted EPS of $1.07, above the Street view of $0.96 as compiled by Capital IQ, but down one penny YOY.

Meredith reported Q4 revenues of $445.2 million, above the Street view of $439.6 million and also above the $435.8 million reported a year earlier. Meredith guided fiscal Q1 revenues “flat to up slightly” and EPS of $0.60 to $0.80, compared to Street view of $0.61. The company said it expects full-year fiscal 2018 EPS of $3.20 to $3.50, compared to Street view of $3.42.

By Bryan Smith