Overview
Graham Holdings Q3 revenue up 6%, beating analyst expectations
Net income for Q3 rises significantly compared to last year
Operating income decreased due to declines in TV broadcasting and automotive
Outlook
Graham Holdings did not provide specific future guidance
Result Drivers
EDUCATION GROWTH - Revenue increased in education sector, contributing to overall revenue growth
MANUFACTURING AND HEALTHCARE - Growth in manufacturing and healthcare sectors supported revenue increase
TV BROADCASTING AND AUTOMOTIVE DECLINES - Declines in TV broadcasting and automotive sectors impacted operating income negatively
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$1.27 bln
$1.18 bln (1 Analyst)
Q3 EPS
$27.91
Q3 Net Income
$126.23 mln
Q3 Pretax Profit
Beat
$183.03 mln
$74.70 mln (1 Analyst)
Q3 Operating Expenses
$1.18 bln
Q3 Operating Income
$67.13 mln
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 $945.00, about 12.2% below its October 28 closing price of $1,060.36
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago
Press Release: ID:nBw2ctLhna
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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.)