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

Cumulus Media

28/07/2023 14:32

* Cumulus Media Inc  CMLS.OQ  reported a quarterly adjusted
loss
of 6 cents​​ per share for the quarter ended in June. The mean
expectation of three analysts for the quarter was for a loss
of 37 cents per share.
    * Revenue fell 11.2% to $210.14 million from a year ago;
analysts
expected $208.78 million. 
    * Cumulus Media Inc's reported EPS for the quarter was a
loss of 6
cents​.
    * The mean earnings estimate of analysts had fallen by
about 49.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Cumulus Media Inc shares had risen by 18.0% this
quarter and
lost 22.1% so far this year.
    * The company reported a quarterly loss of $1.07 million.
    * Wall Street's median 12-month price target for Cumulus
Media Inc
is $8.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
28 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.37          -0.06          Beat
 Mar. 31 2023      -1.11          -1.17          Missed
 Dec. 31 2022      0.38           0.00           Missed
 Sep. 30 2022      0.49           0.45           Missed