Audacy Inc reports results for the quarter ended in June - Earnings Summary

Audacy

04/08/2023 20:00

* Audacy Inc  AUDA.PK  reported a quarterly adjusted loss of
$26.64​​ per share for the quarter ended in June. The lone
analyst forecast for the quarter was for a loss of $5.40 per
share.
    * Revenue fell 6.6% to $298.51 million from a year ago;
analysts
expected $291.50 million. 
    * Audacy Inc's reported EPS for the quarter was a loss of
$26.64​.
    * The mean earnings estimate of analysts had fallen by
about 56.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Audacy Inc shares had fallen by 41.3% this quarter and
lost 81.5% so far this year.
    * The company reported a quarterly loss of $125.8 million.
    * Wall Street's median 12-month price target for Audacy Inc
is
$0.00 
    * The current average analyst rating on the shares is "sell"
and
the breakdown of recommendations is no "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 4 at 07:00 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -5.40          -26.64         Missed
 Mar. 31 2023      -7.05          -7.50          Missed
 Dec. 31 2022      2.10           2.70           Beat
 Sep. 30 2022      -0.52          -30.30         Missed