Viad Corp. (VVI) Tops Q4 EPS by 12c, Revenues Beat; Offers Q1 EPS Guidance Below Consensus

Viad Corp. (NYSE: VVI) reported Q4 EPS of ($0.01), $0.12 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $321.3 million versus the consensus estimate of $311.2 million.

Steve Moster, president and chief executive officer, commented, “GES and Pursuit both finished 2019 with solid fourth quarter revenue growth. Our full year results reflect continued organic revenue growth at both businesses, as well as contributions from acquisitions during the year. At Pursuit, we accelerated our pace of growth with investments in new experiences, and GES continues to drive growth within the corporate event space with a differentiated end-to-end offering. We expect significant growth in 2020 as GES benefits from favorable show rotation and our new Pursuit experiences continue to attract additional visitors.”

GUIDANCE:

Viad Corp. sees Q1 2020 EPS of $0.01-$0.16, versus the consensus of $0.44. Viad Corp. sees Q1 2020 revenue of $335-350 million, versus the consensus of $341.45 million.

For earnings history and earnings-related data on Viad Corp. (VVI) click here.

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