Cumulus Media Inc expected to post a loss of $1.32 a share - Earnings Preview

Cumulus Media

01/05/2024 14:51

* Cumulus Media Inc  CMLS.OQ   CMLS.O  is expected to show a
fall
in quarterly revenue when it reports  results on May 3 for the
period ending March 31 2024
    * The Atlanta Georgia-based  company is expected to report a
2.6% decrease in revenue to $200.3 million from $205.69 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data.The company's guidance on April 18 2024, for
the period ended March 31, was for revenue between $199.00
million and $201.00 million.
    * ​LSEG's mean analyst estimate for Cumulus Media Inc is for
a
loss of $1.32 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Cumulus
Media Inc
is $11.00​, above​ its last closing price of $2.63. ​​​

The company's guidance on April 18 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD199 million and USD9.15 million.
This summary was machine generated May 1 at 13:51 GMT.  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)