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Focus Media Holdings(FMCN) is a multi-platform digital media company operating networks including liquid crystal display (LCD) display, poster frame, in-store, Internet advertising services, billboard and movie theater advertising. The stock accumulated 15.9% during the past one month.
Of the 14 analysts covering the stock, 64% recommend a buy while 29% suggest a hold. Analysts polled by
Bloomberg expect the stock to gain an average 12.3% to $32.6 in the upcoming 12 months.
For the fourth quarter ending Dec. 31, 2010, the company swung to a net profit of $47.2 million, or 33 cents per share, as compared to a loss of $57 million, or 42 cents, in the year-ago quarter. Revenue grew 44% to $159.7 million during the same period. In Dec. 2010, the company invested $61 million for buying a 15% stake in VisionChina Media, which has audiences in China's top 23 cities, to complement its business, to expand its outreach, and for generating attractive results.
For 2011 first quarter, the company pegs net revenue from its core business in the range of $122 to $124 million, while that from non-core business between $10 and $11 million. Non-GAAP net income is seen in the range of $36 to $38 million.