Future PLC (LON:FUTR) said preliminary results are expected to be “materially ahead” of market expectations thanks to “strong momentum” four months into the financial year.
The FTSE 250-listed owner of music and gaming magazines said circulations have been rising driving organic revenue growth as well as margins in both eCommerce and digital advertising.
READ: Future raises expectations as it reports runaway growth from media acquisitions
The cash position is also ahead of internal estimates, management added.
“Future’s share price has been weak recently,” analysts at Peel Hunt said in a note.
“We believe this is an excellent entry point to a stock which is set to deliver earnings per share growth of over 30% for the next three years.”
Shares rose 6% to 1,356p on Monday morning.
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