Digital media conglomerate People will announce its earnings results this Monday after the bell. Analysts expect revenue to decline 14.3% year on year, a further deceleration from the 7.7% decrease recorded in the same quarter last year. Last quarter, the company reported revenues of $422.9 million, down 12.2% year on year, missing analysts' revenue expectations and significantly missing EPS estimates. People's stock is down 12% over the last month, while the broader media and entertainment segment saw share prices rise 2.6% on average. The company heads into earnings with an average analyst price target of $52.20, compared to its current share price of $41.57.
People IncorporatedEarnings report expected to show revenue decline and prior misses
Imax Corp
People Co., Ltd.