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

Cumulus Media

02/08/2024 15:23

* Cumulus Media Inc  CMLS.OQ  reported a quarterly adjusted
loss
of $1.64​​ per share for the quarter ended in January, lower
than the same quarter last year, when the company reported EPS
of -6 cents.  The mean expectation of two analysts for the
quarter was for a loss of 48 cents per share. Wall Street
expected results to range from -54 cents to -43 cents per share.
    * Revenue fell 2.5% to $204.85 million from a year ago;
analysts
expected $206.00 million. 
    * Cumulus Media Inc's reported EPS for the quarter was a
loss of
$1.64​.
    * The company reported a quarterly loss of $27.7 million.
    * Cumulus Media Inc shares had fallen by 2.5% this
quarter and
lost 62.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 73.2%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the broadcasting
peer
group is also "hold"

Wall Street's median 12-month price target for Cumulus Media Inc
is $11.00 
This summary was machine generated from LSEG data August 2 at
02:23 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
 Jun. 30 2024      -0.48          -1.64          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