What Will Nielsen Say On Analyst Day?
Nielsen Holdings is set to discuss its performance to the Wall Street investment community.
The company is putting the final preparations together for its 2016 Analyst Day, set for tomorrow (Dec. 8) in New York.
The event will feature presentations, andNielsen confirms that it intends to provide commentary on its financial outlook for fiscal2016 and fiscal 2017.
The event will begin at8 a.m. Easternand attendance is by invite only.
However, the event will be videocast live and can be accessed viaNielsen's Investor Relations website atir.nielsen.com.
Nielsen shares finished Tuesday's trading at $42.40, down a penny. At present, the company's stock is trading just above its 52-week low of $41.85.
The company's shares plunged Oct. 25 to $45.65, from $54.93 the previous day, as investors reacted to a poor Q3 2016 earnings report.Nielsenmissed many of the Street's forecasts, reporting a 7% dip in GAAP net income, to $132 million, and diluted net income per share of 36 cents, off 5.3%.For non-GAAP results, growth was seen -- adjusted net income (ANI) increased 3.1%, to $266 million. This reflects a diluted ANI per share gain of 5.7%, to 74 cents.But, that fell short of theaverage estimate of six analysts surveyed by Zacks Investment Research, of 76 cents per share.
Meanwhile, it remains to be seen how analysts will tackle the huge dip in November 2016 Cable Network Coverage Area Universe Estimates, which the company concluded as accurate after an intense week-long review by many staffers.
Then, there is the PPM problem that many radio stations are still asking questions about.
In early November,Nielsen Audio swiftly responded to a glitch that impacted -- to some extent -- data collection in some 8% of all installed Portable People Meter (PPM) devices across all 48 markets for the first week of the December 2016 monthly survey period.
With the PPM set for use in all TV markets, Nielsen should have plenty to discuss come Thursday.
[c] Copyright 2016 Streamline RBR, Inc. All Rights Reserved. Provided by SyndiGate Media Inc. ( Syndigate.info ).