iHeartMedia Inc expected to post a loss of 19 cents a share - Earnings Preview

iHeartMedia

04/08/2023 16:10

* iHeartMedia Inc  IHRT.OQ   IHRT.O  is expected to show a
fall in
quarterly revenue when it reports  results on August 8. 
    * The San Antonio Texas-based  company is expected to report
 a
5.0% decrease in revenue to $906.136 million from $954.01
million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. The company's guidance on May
23 2023, for the period ended June 30, was for revenue between
$896.76 million and $915.84 million.
    * ​Refinitiv's mean analyst estimate for iHeartMedia Inc is
for a
loss of 19 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and 3 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for iHeartMedia
Inc
is $5​, above​ its last closing price of $4.27. ​​​

The company's guidance on May 23 2023 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD896.7647 million and USD200 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.74       -0.75      -1.50     Missed  -100.7
 Dec. 31 2023  0.44        0.44       0.53      Beat    21.5
 Sep. 30 2022  0.20        0.20       -2.09     Missed  -1,138
                                                        .5​
 Jun. 30 2022  0.06        0.08       0.15      Beat    79.1
 ​​Mar.        -0.27       -0.27      -0.33     Missed  -21.1
 31 2022                                                
 Dec. 31 2021  0.48        0.51       0.76      Beat    48.1​
 Sep. 30 2021  0.08        0.11       0.02      Missed  -81.2
 Jun. 30 2021  -0.08       -0.09      -0.22     Missed  -136.9
 This summary was machine generated August 4 at 15:10 GMT.  All
figures in US dollars  unless otherwise stated