iHeartMedia Inc expected to post a loss of 56 cents a share - Earnings Preview

iHeartMedia

07/05/2024 16:29

* iHeartMedia Inc  IHRT.OQ   IHRT.O  is expected to show a
fall in
quarterly revenue when it reports  results on May 9 for the
period ending March 31 2024
    * The San Antonio Texas-based  company is expected to report
a
0.7% decrease in revenue to $805.854 million from $811.24
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.The company's guidance on February
29 2024, for the period ended March 31, was for revenue between
$795.01 million and $811.24 million.
    * ​LSEG's mean analyst estimate for iHeartMedia Inc is for a
loss
of 56 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 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 $2.05​, below​ its last closing price of $2.36. ​​​

The company's guidance on February 29 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD795.01422 million and USD110
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  
 Dec. 31 2023  -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. 31 2023  -0.74       -0.75      -1.50     Missed  -100.7
 ​​Dec.        0.44        0.44       0.53      Beat    21.5
 31 2022                                                
 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. 31 2022  -0.27       -0.27      -0.33     Missed  -21.1
 This summary was machine generated May 7 at 15:29 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)