Nielsen Holdings (NLSN) Misses Q1 EPS by 1c, Revenues In-Line; Boosts FY18 EPS Outlook

Nielsen Holdings (NYSE: NLSN) reported Q1 EPS of $0.20, $0.01 worse than the analyst estimate of $0.21. Revenue for the quarter came in at $1.61 billion versus the consensus estimate of $1.61 billion.

“In the first quarter, we continued to execute on our key initiatives while focusing on our Path to 2020 objectives. Through continuous innovation, we are transforming our business in three major areas, Watch, Buy, and Operations, to drive a faster growing, higher margin business and create incremental value for our shareholders,” said Mitch Barns, Chief Executive Officer of Nielsen.

Barns continued, “Watch had another great quarter with growth driven by Total Audience Measurement. Our ability to provide independent, comparable measurement to the industry is pivotal as media and audiences continue to fragment. In our Buy business, Developed Markets continued to see pressure in the fast moving consumer goods industry in the U.S., but we are confident that our investments in the Connected System, Total Consumer Measurement, and retailer partnerships will drive improved results despite this environment. Emerging Markets saw broad-based growth across markets in Latin America, Eastern Europe, Africa, and China. Our significant competitive advantages, including our balanced client portfolio and global footprint, position us well here.”

2018 Full Year Guidance

To reflect the expected impact of the Tax Cuts and Jobs Act of 2017 (“TCJA”), the Company has increased its 2018 GAAP net income per share guidance range by $0.10 per share to a range of $1.50 to $1.56. The company expects its 2018 effective tax rate to be ~34%.

The company’s other full year guidance is unchanged from amounts previously provided, as indicated below:

Total revenue growth on a constant currency basis: ~3%
Adjusted EBITDA margin growth on a constant currency basis: ~(60)bps
Free cash flow: ~$800 million

GUIDANCE:

Nielsen Holdings sees FY2018 EPS of $1.50-$1.56, versus the consensus of $1.53.

For earnings history and earnings-related data on Nielsen Holdings (NLSN) click here.

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