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
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Slight Miss* | $1.33 bln | $1.34 bln (1 Analyst) |
Q3 EPS | $17.60 | ||
Q3 Net Income | $77.24 mln | ||
Q3 Pretax Profit | Miss | $99.14 mln | $107.70 mln (1 Analyst) |
Q3 Operating Expenses | $1.22 bln | ||
Q3 Operating Income | $85.52 mln |
*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
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)