Beasley Broadcast Group Inc reports results for the quarter ended in December - Earnings Summary

Beasley Broadcast

12/02/2024 14:31

* Beasley Broadcast Group Inc  BBGI.OQ  reported quarterly
adjusted earnings of 6 cents​​ per share for the quarter ended
in December, higher than the same quarter last year, when the
company reported EPS of -87 cents.  The lone analyst forecast
for the quarter was for a loss of 7 cents per share. 
    * Revenue fell 8.7% to $65.75 million from a year ago;
analysts
expected $66.05 million. 
    * Beasley Broadcast Group Inc's reported EPS for the quarter
was
21 cents​.
    * The company reported quarterly net income of $6.38
million.
    * Beasley Broadcast Group Inc shares had fallen by 5.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 75%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the broadcasting
peer
group is also "buy"

Wall Street's median 12-month price target for Beasley Broadcast
Group Inc is $2.50 
This summary was machine generated from LSEG data February 12 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.07          0.06           Beat
 Sep. 30 2023      -0.06          -2.25          Missed
 Jun. 30 2023      -0.06          -0.35          Missed
 Mar. 31 2023      -0.16          -0.12          Beat