Cumulus Media Inc expected to post a loss of 37 cents a share - Earnings Preview

Cumulus Media

26/07/2023 15:25

* Cumulus Media Inc  CMLS.OQ   CMLS.O  is expected to show a
fall
in quarterly revenue when it reports  results on July 28. 
    * The Atlanta Georgia-based  company is expected to report 
a
11.8% decrease in revenue to $208.783 million from $236.74
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Cumulus Media Inc
is for
a loss of 37 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"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 $8​, above​ its last closing price of $5.01. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -1.12       -1.11      -1.17     Missed  -5.4
 Dec. 31 2023  0.33        0.38       0.00      Missed  -100
 Sep. 30 2022  0.50        0.49       0.45      Missed  -8.2​
 Jun. 30 2022  0.51        0.53       0.42      Missed  -20.3
 ​​Mar.        -0.39       -0.38      -0.04     Beat    89.5
 31 2022                                                
 Dec. 31 2021  0.61        0.64       0.84      Beat    31.3​
 Sep. 30 2021  0.35        0.33       1.32      Beat    304.1
 Jun. 30 2021  -0.03       -0.05      -0.29     Missed  -480
 This summary was machine generated July 26 at 14:25 GMT.  All
figures in US dollars  unless otherwise stated