Graham Holdings Q2 revenue rises on segments growth
GHC•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 versus a P/E of 15 three months ago.
Key figures and outlook
| Metric | Actual | Consensus Estimate |
|---|---|---|
| Q2 Revenue | $1.30 bln | $1.28 bln (1 Analyst) |
| Q2 EPS | $64.86 | |
| Q2 Net Income | $282.38 mln | |
| Q2 Pretax Profit | $317.48 mln | $92.40 mln (1 Analyst) |
| Q2 Operating Expenses | $1.19 bln | |
| Q2 Operating Income | $83.63 mln |
The company did not provide specific guidance or forecasts for future quarters or the full year.
Quarterly results and drivers
Graham Holdings' Q2 revenue rose 7% year over year, with growth in most segments.
Adjusted EPS for Q2 rose year over year, and net income also increased.
Revenue growth was driven by increases in television broadcasting, healthcare, manufacturing, automotive and other businesses, partially offset by a decline at education.
Operating income rose due to improved results at education, television broadcasting and other businesses, partially offset by declines at healthcare, manufacturing and automotive.
