iHeartMedia Inc expected to post earnings of 2 cents a share - Earnings Preview

iHeartMedia

27/02/2024 15:24

* iHeartMedia Inc  IHRT.OQ   IHRT.O  is expected to show a
fall in
quarterly revenue when it reports  results on February 29 for
the period ending December 31 2023
    * The San Antonio Texas-based  company is expected to report
a
7.4% decrease in revenue to $1.042 billion from $1.13 billion a
year ago, according to the mean estimate from 7 analysts, based
on LSEG data.The company's guidance on November 9 2023, for the
period ended December 31, was for revenue between $1.02 billion
and $1.05 billion.
    * ​LSEG's mean analyst estimate for iHeartMedia Inc is for
earnings of 2 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 $2.50​, above​ its last closing price of $2.34. ​​​

The company's guidance on November 9 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD1.0245599 billion
and USD215 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  
 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. 31 2022  0.44        0.44       0.53      Beat    21.5
 ​​Sep.        0.20        0.20       -2.09     Missed  -1,138
 30 2022                                                .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. 31 2021  0.48        0.51       0.76      Beat    48.1
 This summary was machine generated February 27 at 15:24 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)