iHeartMedia Inc expected to post a loss of 31 cents a share - Earnings Preview

iHeartMedia

06/08/2024 18:39

* iHeartMedia Inc  IHRT.OQ   IHRT.O  is expected to show a
fall in
quarterly revenue when it reports  results on August 8 for the
period ending June 30 2024
    * The San Antonio Texas-based  company is expected to report
a
0.4% decrease in revenue to $915.977 million from $920.01
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.The company's guidance on May 9
2024, for the period ended June 30, was for revenue of $920.014
million.
    * ​LSEG's mean analyst estimate for iHeartMedia Inc is for a
loss
of 31 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and 2 "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 $1.00​, below​ its last closing price of $1.42. ​​​

The company's guidance on May 9 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD920.014 million and USD160 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.54       -0.56      -0.12     Beat    78.6
 Dec. 31 2024  -0.01       0.03       0.01      Missed  -62.5
 Sep. 30 2023  -0.04       -0.05      -0.06     Missed  -11.1​
 Jun. 30 2023  -0.20       -0.19      -5.93     Missed  -3,021
                                                        .1
 ​​Mar.        -0.74       -0.75      -1.50     Missed  -100.7
 31 2023                                                
 Jan. 1 0001   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
 This summary was machine generated August 6 at 17:39 GMT.  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)