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

Cumulus Media

27/10/2023 14:33

* Cumulus Media Inc  CMLS.OQ  reported quarterly adjusted
earnings
of 16 cents​​ per share for the quarter ended in September. The
mean expectation of three analysts for the quarter was for a
loss of 34 cents per share.
    * Revenue fell 11.2% to $207.42 million from a year ago;
analysts
expected $207.47 million. 
    * Cumulus Media Inc's reported EPS for the quarter was 16
cents​.
    * The mean earnings estimate of analysts had fallen by
about 684.7% in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Cumulus Media Inc shares had risen by 6.1% this
quarter and
lost 13.0% so far this year.
    * The company reported quarterly net income of $2.72
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
October 27 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.38           0.00           Missed