(WPO) The Washington Post Company – Bull of the Day

The Washington Post’s (WPO) top and bottom lines surpassed the Zacks expectations in the fourth quarter of 2011. The quarterly earnings of $8.75 per share beat the Zacks Consensus Estimate of $5.36 (but dropped 23.8% from the prior-year quarter). Total revenue of $1,063.4 million also came ahead of the Zacks Consensus Estimate of $1,038 million.

Kaplan Education division has undertaken a restructuring plan to lower its costs structure in the near future. Further, Kaplan International remains promising, registering growth of 14% during the quarter. The Cable division is also performing well, reflecting sustained improvement in Internet and telephone service revenues.

We have a long-term Outperform recommendation on the stock. Our target price of $433.00, 24.1X 2012 EPS, reflects this view.

WASHINGTON POST (WPO): Free Stock Analysis Report

View original at: Zacks Investment Research – All Commentary Articles

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