Cumulus Media Inc reports results for the quarter ended in December - Earnings Summary

Cumulus Media

27/02/2024 14:31

* Cumulus Media Inc  CMLS.OQ  reported a quarterly adjusted
loss
of $5.94​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported
breakeven earnings per share.  The mean expectation of
three analysts for the quarter was for a loss of 59 cents per
share. Wall Street expected results to range from -77 cents
to -50 cents per share.
    * Revenue fell 11.9% to $221.30 million from a year ago;
analysts
expected $220.07 million. 
    * Cumulus Media Inc's reported EPS for the quarter was a
loss of
$5.94​.
    * The company reported a quarterly loss of $98.07 million.
    * Cumulus Media Inc shares had fallen by 15.8% this quarter.

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 3 "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 Cumulus Media Inc
is $10.00 
This summary was machine generated from LSEG data February 27 at
02:31 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
 Dec. 31 2023      -0.59          -5.94          Missed
 Sep. 30 2023      -0.34          0.16           Beat
 Jun. 30 2023      -0.37          -0.06          Beat
 Mar. 31 2023      -1.11          -1.17          Missed