Eager for Details
Martha Stewart Living Omnimedia (MSO) is scheduled to announce its quarterly results on Tuesday morning. This Alert is a preview of the company's numbers and we're not recommending any trades for the model portfolio.
The consensus analyst estimates are calling for Martha Stewart to lose $0.10 a share in the third quarter, compared with a loss $0.05 a year ago, on $40.3 million revenue. The company has exceeded bottom-line expectations for six of the past seven quarters.
Management will host a conference call at 8:30 a.m. EDT that investors can access at the company's website: www. marthastewart.com/ir. A replay of the call will also be available online for two weeks.
On the call, we'll be listening for details about today's appointment of Daniel Dienst as the company's new chief executive officer. Dienst has over a decade of C-level experience in the basic materials sector and has sold two of those companies for more than $1 billion each.
Ahead of the results, we maintain our Two rating on the stock, which is currently changing hands around $2.38.
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