Cumulus Media Inc expected to post a loss of 54 cents a share - Earnings Preview

Cumulus Media

23/10/2024 14:28

* Cumulus Media Inc  CMLS.OQ   CMLS.O  is expected to show a
fall
in quarterly revenue when it reports  results on November 1 for
the period ending September 30 2024
    * The Atlanta Georgia-based  company is expected to report a
1.5% decrease in revenue to $204.25 million from $207.42 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data.The company's guidance on August 2 2024, for
the period ended September 30, was for revenue between $203.27
million and $207.42 million.
    * ​LSEG's mean analyst estimate for Cumulus Media Inc is for
a
loss of 54 cents 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 $1.14. ​​​

This summary was machine generated October 23 at 13:28 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)