MDC Partners Inc (MDCA) Releases Earnings Results, Misses Expectations By $-0.77 EPS

MDC Partners Inc (MDCA) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $-0.47 earnings per share for the quarter, missing the analyst consensus estimate by $-0.77. Analysts had a consensus of $0.30. The company posted revenue of $309.00 million in the period, compared to analysts expectations of $323.48 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.52 EPS.

Many Wall Street Analysts have commented on MDC Partners Inc. MDC Partners Inc was Upgraded by Wells Fargo to ” Outperform” on Apr 14, 2016. Shares were Reiterated by Wedbush on Feb 19, 2016 to “Outperform” and Lowered the Price Target to $ 24 from a previous price target of $26 .

MDC Partners Inc opened for trading at $20.8 and hit $20.83 on the upside on Monday, eventually ending the session at $20.5, with a gain of 1.28% or 0.26 points. The heightened volatility saw the trading volume jump to 19,60,717 shares. Company has a market cap of $1,025 M.

MDC Partners Inc. is a provider of marketing communications services. The Company through its subsidiaries provides customized marketing activation communications and consulting services including advertising and consumer communication services media management and effectiveness across all channels interactive and mobile marketing direct marketing database and customer relationship management sales promotion corporate communications market research data analytics and insights corporate identity design and branding social media marketing product and service innovation ecommerce and other related services. The Company conducts its businesses through the Marketing Communications Group which operates primarily in the United States Canada Europe Asia and Latin America. The Marketing Communications Group consists of two segments: Strategic Marketing Services and Performance Marketing Services.

MDC Partners Inc

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