) is slated to report first-quarter fiscal 2014 results on Oct
24, 2013, before the market opens. In the last quarter, it posted
a positive surprise of 5.6%. Let us see how things are shaping up
for this announcement.
Growth Factors in the Past Quarter
Meredith came up with strong fourth-quarter fiscal 2013 results,
owing to the robust performance of the National and Local media
groups. The company also boasts a strong portfolio of women's
magazines, which helps it to secure its market share.
Meredith remains focused on bolstering digital advertising
revenues; enhancing online consumer transactions, especially
magazine subscription orders; and is lowering its dependency on
Our proven model, however, does not conclusively show Meredith as
likely to beat earnings this quarter. That is because a stock
needs to have both a positive
and a Zacks Rank #1, 2 or 3 for this to happen. This is not the
case here as you will see below.
ESP for Meredith is 0.00%. This is because both the Most Accurate
estimate and the Zacks Consensus Estimate are pegged at 52 cents.
Meredith carries a Zacks Rank #3 (Hold). However, the Zacks Rank
#3, when combined with ESP of 0.00%, makes surprise prediction
difficult. We caution against stocks with Zacks Ranks #4 and 5
(Sell-rated stocks) going into the earnings announcement,
especially when the company is seeing negative estimate
Other Stocks to Consider
Here are some other companies you may want to consider as our
model shows that they have the right combination of elements to
post an earnings beat:
Nu Skin Enterprises Inc.
), with Earnings ESP of +2.82% and a Zacks Rank #1 (Strong Buy).
), with Earnings ESP of +7.02% and a Zacks Rank #1 (Strong Buy).
Deckers Outdoor Corp.
), with Earnings ESP of +4.17% and a Zacks Rank #1 (Strong
DECKERS OUTDOOR (DECK): Free Stock Analysis
HANESBRANDS INC (HBI): Free Stock Analysis
MEREDITH CORP (MDP): Free Stock Analysis
NU SKIN ENTERP (NUS): Free Stock Analysis
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