iHeartMedia Inc expected to post a loss of 75 cents a share - Earnings Preview

iHeartMedia

29/04/2023 02:34

* iHeartMedia Inc  IHRT.OQ   IHRT.O  is expected to show a
fall in
quarterly revenue when it reports  results on May 2. 
    * The San Antonio Texas-based  company is expected to report
 a
5.5% decrease in revenue to $796.842 million from $843.46
million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. The company's guidance on
February 28 2023, for the period ended March 31, was for revenue
between $792.85 million and $809.72 million.
    * ​Refinitiv's mean analyst estimate for iHeartMedia Inc is
for a
loss of 75 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 $8​, above​ its last closing price of $3.47. ​​​

The company's guidance on February 28 2023 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD792.85052 million and USD90
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  
 Dec. 31 2022  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. 31 2022  -0.27       -0.27      -0.33     Missed  -21.1
 ​​Dec.        0.48        0.51       0.76      Beat    48.1
 31 2021                                                
 Sep. 30 2021  0.08        0.11       0.02      Missed  -81.2​
 Jun. 30 2021  -0.08       -0.09      -0.22     Missed  -136.9
 Mar. 31 2021  -0.55       -0.54      -1.65     Missed  -203.9
 This summary was machine generated April 29 at 01:34 GMT.  All
figures in US dollars  unless otherwise stated