Q2 Earnings Estimate for Meridian Issued By Zacks Research

Key Points

• Zacks Research forecasts Meridian will report Q2 2026 EPS of $0.07 and FY2026 EPS of $0.33 (Q3 $0.07; Q4 $0.02), versus the company’s Q1 EPS of $0.18.
• Meridian posted a Q1 earnings beat and guided 2Q26 revenue growth of roughly 18%–23% Y/Y, but trailing profitability is weak (net margin -45.94%, ROE -99.76%) and the street consensus is a Sell (Weiss Ratings also initiated coverage as "sell (e+)") with a $21.60 price target.
• Insider selling is notable (CEO sold 20,000 shares; 70,753 shares sold in the last 90 days), institutional ownership is low (2.74%), and shares trade around $11 with a 52‑week range of $5.80–$23.76 and a market cap of about $139M.

Meridian Holdings Inc. (NASDAQ:MRDN - Free Report) - Equities researchers at Zacks Research issued their Q2 2026 earnings estimates for shares of Meridian in a research report issued to clients and investors on Wednesday, April 29th. Zacks Research analyst M. Marin forecasts that the company will post earnings per share of $0.07 for the quarter. The consensus estimate for Meridian's current full-year earnings is $0.33 per share. Zacks Research also issued estimates for Meridian's Q3 2026 earnings at $0.07 EPS, Q4 2026 earnings at $0.02 EPS and FY2026 earnings at $0.33 EPS.

Meridian (NASDAQ:MRDN - Get Free Report) last posted its earnings results on Tuesday, April 28th. The company reported $0.18 earnings per share for the quarter. The firm had revenue of $50.10 million for the quarter. Meridian had a negative net margin of 45.94% and a negative return on equity of 99.76%.

Separately, Weiss Ratings started coverage on Meridian in a report on Tuesday, April 7th. They issued a "sell (e+)" rating on the stock. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Meridian has a consensus rating of "Sell" and a consensus price target of $21.60.

Meridian Stock Performance

Shares of NASDAQ:MRDN opened at $11.00 on Monday. Meridian has a 52 week low of $5.80 and a 52 week high of $23.76. The firm has a market capitalization of $139.37 million, a price-to-earnings ratio of -1.48 and a beta of 0.61. The business's fifty day simple moving average is $7.81. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 0.10.

Institutional Investors Weigh In On Meridian

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Topline Capital Management LLC boosted its stake in Meridian by 1,072.4% during the 3rd quarter. Topline Capital Management LLC now owns 623,909 shares of the company's stock valued at $705,000 after purchasing an additional 570,694 shares during the last quarter. Whetstone Capital Advisors LLC purchased a new stake in shares of Meridian in the fourth quarter worth approximately $331,000. Citadel Advisors LLC lifted its holdings in shares of Meridian by 1,603.2% in the third quarter. Citadel Advisors LLC now owns 206,082 shares of the company's stock valued at $233,000 after purchasing an additional 193,982 shares in the last quarter. Sandhill Capital Partners LLC bought a new position in shares of Meridian in the third quarter valued at approximately $195,000. Finally, Squarepoint Ops LLC boosted its position in shares of Meridian by 115.2% during the third quarter. Squarepoint Ops LLC now owns 148,302 shares of the company's stock valued at $168,000 after buying an additional 79,382 shares during the last quarter. Institutional investors and hedge funds own 2.74% of the company's stock.

Insiders Place Their Bets

In other Meridian news, CEO Anthony Brian Goodman sold 20,000 shares of the firm's stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $7.03, for a total value of $140,600.00. Following the transaction, the chief executive officer directly owned 551,176 shares of the company's stock, valued at approximately $3,874,767.28. This trade represents a 3.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 70,753 shares of company stock worth $477,971 in the last 90 days. Corporate insiders own 24.00% of the company's stock.

More Meridian News

Here are the key news stories impacting Meridian this week:

• Positive Sentiment: Q1 earnings beat and analyst updates — Meridian reported results that topped expectations, prompting analysts to refresh forecasts and investors to re-price the stock higher. Results: Meridian Holdings Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts
• Positive Sentiment: Strong forward revenue guidance — management guided 2Q26 revenue growth in the ~18%–23% year-over-year range, reinforcing a narrative of accelerating top‑line growth. That guidance is a key driver of the rally. MRDN: 2Q26 Revenue Guidance Represents 18%-23% Y/Y Anticipated Growth
• Positive Sentiment: Q1 showed improving profitability and balance‑sheet stability — company disclosures and press coverage highlight progress on margins and liquidity relative to prior periods, supporting sentiment that operations are stabilizing. Meridian Holdings NASDAQ: MRDN Q1 Results Reflect Growing Profitability and Balance Sheet Stability
• Neutral Sentiment: Cross‑stock comparisons and coverage pieces — several head‑to‑head and comparative write‑ups (e.g., vs. CCC Intelligent Solutions) provide sector context but have not driven material new info specific to Meridian’s near‑term outlook. Head to Head Contrast: Meridian NASDAQ: MRDN vs. CCC Intelligent Solutions Holdings Inc. Common Stock NASDAQ: CCC
• Neutral Sentiment: Small institutional activity — recent filings show modest hedge fund buying and low overall institutional ownership; this background limits how much big‑fund flows will amplify the move. Meridian stock page
• Negative Sentiment: Significant insider selling — CEO Anthony Brian Goodman has sold multiple blocks of shares in April (several Form 4 filings), which can weigh on sentiment and suggests some insider liquidity-taking. Insider Selling: Meridian NASDAQ: MRDN CEO Sells 2,000 Shares of Stock
• Negative Sentiment: Mixed analyst/street view and weak trailing profitability metrics — at least one recent coverage start was a “sell” and the company still shows negative net margin and ROE on trailing numbers, which are longer‑term concerns if growth slows. MarketBeat Meridian coverage

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.

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