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

Cumulus Media

27/04/2023 15:21

* Cumulus Media Inc  CMLS.OQ  reported a quarterly adjusted
loss
of $1.17​​ per share for the quarter ended in March. The mean
expectation of three analysts for the quarter was for a loss of
$1.11 per share.
    * Revenue fell 11.4% to $205.69 million from a year ago;
analysts
expected $203.13 million. 
    * Cumulus Media Inc's reported EPS for the quarter was a
loss of
$1.17​.
    * The mean earnings estimate of analysts had fallen by
about 98.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Cumulus Media Inc shares had fallen by 1.9% this
quarter and
lost 41.7% so far this year.
    * The company reported a quarterly loss of $21.47 million.
    * Wall Street's median 12-month price target for Cumulus
Media Inc
is $12.00 
    * 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
April 27 at 02:21 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -1.11          -1.17          Missed
 Dec. 31 2022      0.38           0.00           Missed
 Sep. 30 2022      0.49           0.45           Missed
 Jun. 30 2022      0.53           0.42           Missed