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

Beasley Broadcast

12/08/2024 15:30

* Beasley Broadcast Group Inc  BBGI.OQ  reported a quarterly
adjusted loss of 1 cent​​ per share for the quarter ended in
June, higher than the same quarter last year, when the company
reported EPS of -35 cents.  The lone analyst forecast for the
quarter was for a loss of 3 cents per share. 
    * Revenue fell 4.8% to $60.44 million from a year ago;
analysts
expected $60.80 million. 
    * Beasley Broadcast Group Inc's reported EPS for the quarter
was a
loss of 1 cent​.
    * The company reported a quarterly loss of $276 thousand.
    * Beasley Broadcast Group Inc shares had fallen by 11.8%
this
quarter and lost 34.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 August 12 at
02:30 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
 Jun. 30 2024      -0.03          -0.01          Beat
 Jan. 1 0001       -0.14          -0.20          Missed
 Dec. 31 2023      -0.07          0.06           Beat
 Sep. 30 2023      -0.06          -2.25          Missed