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GHC — Graham Holdings News Story

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Graham Holdings Q2 revenue rises on segments growth

Graham Holdings Q2 revenue rises on segments growth


Overview

  • U.S. conglomerate's Q2 revenue rose 7% yr/yr, with growth in most segments

  • Adjusted EPS for Q2 rose yr/yr; net income also increased

  • Company completed sale of Kaplan Languages Group, recording related charges


Outlook

  • Company did not provide specific guidance or forecasts for future quarters or full yr


Result Drivers

  • SEGMENT GROWTH - Revenue growth driven by increases in television broadcasting, healthcare, manufacturing, automotive and other businesses, partially offset by decline at education

  • OPERATING INCOME MIX - Operating income rose due to improved results at education, television broadcasting and other businesses, partially offset by declines at healthcare, manufacturing and automotive

  • NON-OPERATING GAINS AND CHARGES - Results affected by pension settlement gain, gains on marketable equity securities, and charges related to the sale of Kaplan Languages Group


Company press release: ID:nBw2jtLfpa


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Beat

$1.30 bln

$1.28 bln (1 Analyst)

Q2 EPS

$64.86

Q2 Net Income

$282.38 mln

Q2 Pretax Profit

Beat

$317.48 mln

$92.40 mln (1 Analyst)

Q2 Operating Expenses

$1.19 bln

Q2 Operating Income

$83.63 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 $990.00, about 19.8% below its July 29 closing price of $1,233.96

  • The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 15 three months ago


Reuters Recommended Reads

  • July 30 - Group 1 Automotive Q2 revenue misses on consumer affordability

  • July 29 - Strategic Education Q2 revenue beats estimates on education technology growth

  • July 30 - Laureate Education beats Q2 estimates on strong enrollment growth


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.)

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