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

iHeartMedia

09/08/2023 20:33

* iHeartMedia Inc  IHRT.OQ  reported a quarterly adjusted
loss of
$5.93​​ per share for the quarter ended in June. The mean
expectation of eight analysts for the quarter was for a loss
of 19 cents per share.
    * Revenue fell 3.6% to $920.01 million from a year ago;
analysts
expected $906.14 million. 
    * iHeartMedia Inc's reported EPS for the quarter was a loss
of
$5.93​.
    * The mean earnings estimate of analysts had fallen by
about 33%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * iHeartMedia Inc shares had risen by 2.7% this quarter and
lost 39.0% so far this year.
    * The company reported a quarterly loss of $884.47 million.
    * Wall Street's median 12-month price target for iHeartMedia
Inc
is $4.55 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 07:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.19          -5.93          Missed
 Mar. 31 2023      -0.75          -1.50          Missed
 Dec. 31 2022      0.44           0.53           Beat
 Sep. 30 2022      0.20           -2.09          Missed