Graham Holdings Q3 revenue rises on growth across segments

Overview

• US conglomerate's Q3 revenue rose 4% yr/yr, slightly missed sole analyst estimate

• Adjusted EPS for Q3 rose yr/yr

• Company completed sale of Dublin Business School after quarter-end

Outlook

• Company did not provide specific financial guidance or outlook for future periods

Result Drivers

• SEGMENT GROWTH - Co said higher revenue and operating results were driven by gains in television broadcasting, healthcare, manufacturing, automotive and other businesses, partially offset by declines at education

• EDUCATION WEAKNESS - Co said education division revenue and operating income declined, offsetting gains in other segments

• CASH FLOW IMPROVEMENT - Co said adjusted operating cash flow rose, driven by television broadcasting, manufacturing, automotive and other businesses

Company press release:

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The one available analyst rating on the shares is "sell"

• The average consensus recommendation for the schools, colleges & universities peer group is "buy."

• Wall Street's median 12-month price target for Graham Holdings Co is $990.00, about 15.4% below its October 28 closing price of $1,170.09

• The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)