Entravision Communications Corp reports results for the quarter ended in March - Earnings Summary

Entravision Communications

03/05/2024 20:58

* Entravision Communications Corp  EVC.N  reported a
quarterly
adjusted loss of 55 cents​​ per share for the quarter ended in
March, lower than the same quarter last year, when the company
reported EPS of 2 cents.  The lone analyst forecast for the
quarter was for a loss of 9 cents per share. 
    * Revenue rose 16.1% to $277.45 million from a year ago;
analysts
expected $271.00 million. 
    * Entravision Communications Corp's reported EPS for the
quarter
was a loss of 55 cents​.
    * The company reported a quarterly loss of $48.89 million.
    * Entravision Communications Corp shares had risen by 40.2%
this
quarter and lost 44.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1,000% 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 "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the broadcasting
peer
group is also "buy"

Wall Street's median 12-month price target for Entravision
Communications Corp is $3.50 
This summary was machine generated from LSEG data May 3 at 07:58
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      -0.09          -0.55          Missed
 Dec. 31 2023      0.07           -0.21          Missed
 Sep. 30 2023      0.04           0.04           Met
 Jun. 30 2023      0.07           -0.02          Missed