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

Cumulus Media

03/05/2024 15:27

* Cumulus Media Inc  CMLS.OQ  reported a quarterly adjusted
loss
of 85 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of $-1.17.  The mean expectation of two analysts for the quarter
was for a loss of $1.32 per share. Wall Street expected
results to range from $-1.56 to $-1.09 per share.
    * Revenue fell 2.7% to $200.05 million from a year ago;
analysts
expected $200.30 million. 
    * Cumulus Media Inc's reported EPS for the quarter was a
loss
of 85 cents​.
    * The company reported a quarterly loss of $14.15 million.
    * Cumulus Media Inc shares had fallen by 26.5% this
quarter and
lost 50.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 94.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Cumulus
Media Inc
is $11.00 

This summary was machine generated from LSEG data May 3 at 02:27
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
 Mar. 31 2024      -1.32          -0.85          Beat
 Dec. 31 2023      -0.59          -1.98          Missed
 Sep. 30 2023      -0.34          0.16           Beat
 Jun. 30 2023      -0.37          -0.06          Beat