Journal Communications Earnings: Here’s Why Investors are Selling Shares Now

Journal Communications Inc. (NYSE:JRN) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 3.46%.

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Journal Communications Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 60% to $0.08 in the quarter versus EPS of $0.05 in the year-earlier quarter.

Revenue: Rose 15.11% to $94.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Journal Communications Inc. reported adjusted EPS income of $0.08 per share. By that measure, the company missed the mean analyst estimate of $0.10. It missed the average revenue estimate of $94.9 million.

Quoting Management: “We are very pleased to report that Journal Communications experienced revenue growth in the first quarter at both our television and radio stations and improving trends at the Journal Sentinel daily newspaper,” said Steven J. Smith, Chairman and CEO of Journal Communications.

Key Stats (on next page)…

Revenue decreased 23.94% from $124.51 million in the previous quarter. EPS decreased 73.33% from $0.30 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.13 to a profit $0.15. For the current year, the average estimate has moved up from a profit of $0.49 to a profit of $0.56 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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