Overview
* Graham Holdings ( GHC ) 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 ( GHC ) 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/Mis Actual Consensu
s s
Estimate
Q3 Beat $1.27 $1.18
Revenue bln bln (1
Analyst)
Q3 EPS $27.91
Q3 Net $126.23
Income mln
Q3 Beat $183.03 $74.70
Pretax mln mln (1
Profit Analyst)
Q3 $1.18
Operatin bln
g
Expenses
Q3 $67.13
Operatin mln
g Income
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 ( GHC ) 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:
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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.)