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
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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.)
Recent news on Graham Holdings
See all newsBrief: China Chunlai Education Group To Acquire Dublin Business School From Kaplan
Graham Holdings Co reports results for the quarter ended June 30 - Earnings Summary
Graham Holdings Q2 revenue rises on segments growth
Brief: Graham Holdings Q2 EPS USD 64.86
Graham Holdings Co expected to post earnings of $14.83 a share - Earnings Preview