Insurance customer acquisition platform MediaAlpha (NYSE: MAX) will be reporting earnings this Wednesday after market hours. Here’s what to expect.
MediaAlpha beat analysts’ revenue expectations last quarter, reporting revenues of $310 million, up 17.3% year on year. It was a mixed quarter for the company, with revenue guidance for next quarter beating analysts’ expectations but a significant miss of analysts’ EPS estimates.
Is MediaAlpha a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting MediaAlpha’s revenue to grow 20.9% year on year, slowing from the 41.1% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. MediaAlpha has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at MediaAlpha’s peers in the media & entertainment segment, only IMAX has reported results so far. It exceeded analysts’ revenue estimates, delivering year-on-year sales growth of 12.2%. The stock traded up 10.4% on the results.
Read our full analysis of IMAX’s earnings results here.There has been positive sentiment among investors in the media & entertainment segment, with share prices up 3.2% on average over the last month. MediaAlpha is up 9.5% during the same time and is heading into earnings with an average analyst price target of $13.83 (compared to the current share price of $13.57).
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