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Meredith Corporation (MDP - Analyst Report) is slated to report first-quarter fiscal 2014 results on Oct 24, 2013, before the market opens. In the last quarter, it posted a positive surprise of 5.6%. Let us see how things are shaping up for this announcement.

Growth Factors in the Past Quarter

Meredith came up with strong fourth-quarter fiscal 2013 results, owing to the robust performance of the National and Local media groups. The company also boasts a strong portfolio of women’s magazines, which helps it to secure its market share.

Meredith remains focused on bolstering digital advertising revenues; enhancing online consumer transactions, especially magazine subscription orders; and is lowering its dependency on traditional advertising.

Earnings Whispers?

Our proven model, however, does not conclusively show Meredith as likely to beat earnings this quarter. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. This is not the case here as you will see below.

Zacks ESP: ESP for Meredith is 0.00%. This is because both the Most Accurate estimate and the Zacks Consensus Estimate are pegged at 52 cents.

Zacks Rank: Meredith carries a Zacks Rank #3 (Hold). However, the Zacks Rank #3, when combined with ESP of 0.00%, makes surprise prediction difficult. We caution against stocks with Zacks Ranks #4 and 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.

Other Stocks to Consider

Here are some other companies you may want to consider as our model shows that they have the right combination of elements to post an earnings beat:

Nu Skin Enterprises Inc. (NUS - Snapshot Report), with Earnings ESP of +2.82% and a Zacks Rank #1 (Strong Buy).

Hanesbrands Inc. (HBI - Analyst Report), with Earnings ESP of +7.02% and a Zacks Rank #1 (Strong Buy).

Deckers Outdoor Corp. (DECK - Analyst Report), with Earnings ESP of +4.17% and a Zacks Rank #1 (Strong Buy).

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