Dolan Media Co.

Dolan Media Co. (DM) beat Wall Street estimates on strong revenues as shares and estimates are on the rise.

Company Description

Dolan Media Company provides business information and professional services to legal, financial and real estate sectors. The company publishes business journals, court and commercial media and other publications, operates web sites and conducts a broad range of events for targeted audiences.

Additionally, Dolan offers specialized legal services including mortgage defaults services (might be a few of those lately).

Revenue Pops 44%

Dolan reported a 44% increase in revenue for the fourth quarter which rose to $59 million. Earnings per share for the quarter were 12 cents compared to the consensus estimate of 11 cents. This was the company's third surprise of 2008.

James P. Dolan, chairman, CEO and president said "Counter-cyclical revenue streams, together with our diverse geographic mix, provided stability to our operations during these conditions."

Analysts are Bullish

Following the earnings release, full-year consensus estimates for 2009 jumped 12% to 56 cents. Estimates for 2010 rose as well, up 5 cents to 75 cents for the year.

While there is a slight down turn of 5% in earnings this year, a 34% growth is forecast for 2010. The forward P/E is now 14 times earnings.

The Chart

Shares of DM had a great breakout earlier this month and continue to climb relentlessly. Take a look at the chart below.

Read the full analyst report on DM