Home Uncategorized Liberty Media Corporation (LSXMK) Earnings and Revenue in First Quarter Exceed Estimates

Liberty Media Corporation (LSXMK) Earnings and Revenue in First Quarter Exceed Estimates


L.Iberty Media Corporation (LSXMK) came out with quarterly earnings of $ 0.82 per share, exceeding Sachs ’consensus estimate of $ 0.50 per share. That’s compared to a loss of $ 0.03 per share a year ago. These figures have been adjusted for unique articles.

This quarterly report represents an unexpected profit of 64%. A quarter ago, it was expected that the company would post earnings of $ 0.50 per share, when in fact the loss was $ 0.20, which caused a surprise of -140%.

Over the past four quarters, the company has tripled EPS’s consensus estimates.

Liberty Media Corporation, owned by the Zacks satellite and communications industry, for the quarter ended March 2022, generated revenue of $ 2.19 billion, beating Zacks Consensus Estimate’s estimate by 2.61%. That’s compared to revenue of $ 2.06 billion a year ago. The company has exceeded consensus revenue estimates twice over the past four quarters.

The sustainability of immediate stock price movements, based on recently released figures and expectations of future earnings, will largely depend on management comments to earnings call.

Since the beginning of the year, shares of Liberty Media Corporation have lost about 17.4% against the decline of the S&P 500 by -13%.

What’s next for Liberty Media Corporation?

Despite the fact that this year Liberty Media Corporation did not have time to work in the market, the investor is faced with the question: what will happen to the stock?

There are no simple answers to this key question, but one reliable measure that can help investors solve this problem is the company’s profit forecast. This not only includes current consensus revenue expectations for the next quarter (s), but also how those expectations have changed recently.

Empirical studies show a strong correlation between upcoming stock movements and trends in earnings revisions. Investors can track such reviews on their own or rely on a tried and tested rating tool such as Zacks Rank, which has an impressive experience using the opportunity to view earnings estimates.

Ahead of that profit release, the trend of revising estimates for Liberty Media Corporation: unfavorable. While the magnitude and direction of valuation revisions may change following the company’s just-released earnings report, the current status is converted to a Zacks rating of №5 (strong sales) for the stock. Thus, it is expected that in the near future the market shares will be weaker. You can see The full list of today’s shares of Zacks # 1 rank (strong buy) is here.

It will be interesting to see how estimates change for the coming quarters and the current fiscal year in the coming days. EPS’s current consensus estimate is $ 0.88 with revenue of $ 2.23 billion for the next quarter and $ 2.90 with revenue of $ 8.99 billion for the current fiscal year.

Investors need to keep in mind that the industry’s outlook can also have a significant impact on stock performance. In terms of the Zacks industry, satellite and communications are now in the bottom 5% of the 250 Zacks industries. Our study shows that the top 50% of industries included in the Zacks rankings outperform the bottom 50% by more than 2: 1.

Maxar Technologies (MAXR), another stock of the same industry, has not yet reported results for the quarter ended March 2022. The results are expected to be released on May 9.

The satellite company is expected to post a quarterly loss of $ 0.12 per share in its future report, a change from + 90.8% over last year. The EPS consensus estimate for the quarter has been revised by 6.9% over the last 30 days to current levels.

Maxar Technologies is expected to make $ 399.5 million in revenue, up 1.9% from last quarter.

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Sachs Investment Research

The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.

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