iHeartMedia Inc reports results for the quarter ended in December - Earnings Summary

iHeartMedia

29/02/2024 15:27

* iHeartMedia Inc  IHRT.OQ  reported quarterly adjusted
earnings
of 1 cent​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 53 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 3 cents per share. Wall Street
expected results to range from -12 cents to 35 cents per share.
    * Revenue fell 5.2% to $1.07 billion from a year ago;
analysts
expected $1.04 billion. 
    * iHeartMedia Inc's reported EPS for the quarter was 1
cent​.
    * The company reported quarterly net income of $13.12
million.
    * iHeartMedia Inc shares had fallen by 15.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the broadcasting
peer
group is also "hold"

Wall Street's median 12-month price target for iHeartMedia Inc
is $2.50 
This summary was machine generated from LSEG data February 29 at
03:26 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.03           0.01           Missed
 Sep. 30 2023      -0.05          -0.06          Missed
 Jun. 30 2023      -0.19          -5.93          Missed
 Mar. 31 2023      -0.75          -1.50          Missed