What is Zacks Research’s Estimate for Meridian Q3 Earnings?

Meridian Holdings Inc. (NASDAQ:MRDN) – Stock analysts at Zacks Research upped their Q3 2026 earnings per share estimates for Meridian in a report issued on Thursday, July 30th. Zacks Research analyst M. Marin now expects that the company will earn $0.14 per share for the quarter, up from their previous estimate of $0.07. The consensus estimate for Meridian’s current full-year earnings is $0.66 per share. Zacks Research also issued estimates for Meridian’s Q4 2026 earnings at $0.17 EPS and FY2026 earnings at $0.66 EPS.

Meridian (NASDAQ:MRDN) last released its earnings results on Wednesday, July 29th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.10. The business had revenue of $50.19 million during the quarter. Meridian had a negative return on equity of 117.87% and a negative net margin of 41.41%.

Other equities research analysts have also issued research reports about the company. Weiss Ratings raised Meridian from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 28th. Wall Street Zen raised shares of Meridian to a “strong-buy” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Meridian has a consensus rating of “Sell” and an average target price of $21.60.

Meridian Price Performance

Shares of NASDAQ MRDN opened at $14.34 on Monday. The stock has a market cap of $181.69 million, a PE ratio of -2.13 and a beta of 0.65. Meridian has a one year low of $5.80 and a one year high of $18.96. The company’s fifty day moving average price is $13.21.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Whetstone Capital Advisors LLC bought a new stake in shares of Meridian during the fourth quarter valued at about $331,000. State Street Corp boosted its position in shares of Meridian by 25.6% in the fourth quarter. State Street Corp now owns 99,899 shares of the company’s stock valued at $80,000 after acquiring an additional 20,343 shares during the period. Deutsche Bank AG grew its stake in Meridian by 224.4% during the fourth quarter. Deutsche Bank AG now owns 94,695 shares of the company’s stock valued at $76,000 after acquiring an additional 65,501 shares in the last quarter. Continuum Advisory LLC grew its stake in Meridian by 375.0% during the fourth quarter. Continuum Advisory LLC now owns 57,000 shares of the company’s stock valued at $46,000 after acquiring an additional 45,000 shares in the last quarter. Finally, Susquehanna International Group LLP increased its holdings in Meridian by 33.7% during the 3rd quarter. Susquehanna International Group LLP now owns 114,409 shares of the company’s stock worth $129,000 after acquiring an additional 28,819 shares during the period. Hedge funds and other institutional investors own 2.74% of the company’s stock.

Insider Buying and Selling at Meridian

In related news, CEO Anthony Brian Goodman sold 12,196 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $10.37, for a total transaction of $126,472.52. Following the sale, the chief executive officer directly owned 479,463 shares in the company, valued at approximately $4,972,031.31. The trade was a 2.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 57,346 shares of company stock valued at $727,622 in the last three months. 24.00% of the stock is currently owned by insiders.

About Meridian

Meridian Holdings Inc is engaged in the online gaming and betting business, providing sports betting, online casino, and gaming operations across multiple jurisdictions in Europe, Africa, and Central and South America. The company has three reportable segments: MeridianBet Group, GMAG, and RKings & CFAC. The MeridianBet Group segment includes retail and online sports betting, casinos, and related gaming operations. The GMAG segment focuses on the resale of third-party gaming content, mainly serving customers in the Asia-Pacific region.