Houghton Mifflin Harcourt (HMHC) Misses Q4 EPS by 27c

Houghton Mifflin Harcourt (NASDAQ: HMHC) reported Q4 EPS of ($1.01), $0.27 worse than the analyst estimate of ($0.74). Revenue for the quarter came in at $241 million versus the consensus estimate of $251.98 million.

2020 Outlook

• HMH expects 2020 billings to be at or below the low end of the 'mid-cycle' range of $1.5 to $1.65 billion described at our October Investor Event. Unlevered free cash flow margin for 2020 is expected to be approximately 9% of billings, the low end of our 'mid-cycle' range, with free cash flow after interest payments in the range of $65 to $90 million.

For earnings history and earnings-related data on Houghton Mifflin Harcourt (HMHC) click here.

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