Cumulus Media Inc expected to post a loss of 59 cents a share - Earnings Preview

Cumulus Media

23/02/2024 15:42

* Cumulus Media Inc  CMLS.OQ   CMLS.O  is expected to show a
fall
in quarterly revenue when it reports  results on February 27 for
the period ending December 31 2023
    * The Atlanta Georgia-based  company is expected to report a
12.4% decrease in revenue to $220.067 million from $251.27
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Cumulus Media Inc is for
a
loss of 59 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 $10.00​, above​ its last closing price of $4.22. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.34       -0.34      0.16      Beat    147.1
 Jun. 30 2023  -0.41       -0.37      -0.06     Beat    83.9
 Mar. 31 2023  -1.12       -1.11      -1.17     Missed  -5.4​
 Dec. 31 2022  0.33        0.38       0.00      Missed  -100
 ​​Sep.        0.50        0.49       0.45      Missed  -8.2
 30 2022                                                
 Jun. 30 2022  0.51        0.53       0.42      Missed  -20.3​
 Mar. 31 2022  -0.39       -0.38      -0.04     Beat    89.5
 Dec. 31 2021  0.61        0.64       0.84      Beat    31.3
 This summary was machine generated February 23 at 15:42 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)