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

iHeartMedia

08/08/2024 14:31

* iHeartMedia Inc  IHRT.OQ  reported a quarterly adjusted
loss of
$6.50​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of
$-5.93.  The mean expectation of five analysts for the quarter
was for a loss of 31 cents per share. Wall Street expected
results to range from -34 cents to -29 cents per share.
    * Revenue rose 1% to $929.09 million from a year ago;
analysts
expected $915.98 million. 
    * iHeartMedia Inc's reported EPS for the quarter was a loss
of
$6.50​.
    * The company reported a quarterly loss of $981.66 million.
    * iHeartMedia Inc shares had risen by 31.2% this quarter and
lost 46.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 212%
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 1 "strong buy" or "buy," 2
"hold" and 2 "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 $1.00 
This summary was machine generated from LSEG data August 8 at
01:31 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
 Jun. 30 2024      -0.31          -6.50          Missed
 Mar. 31 2024      -0.56          -0.12          Beat
 Dec. 31 2023      0.03           0.01           Missed
 Sep. 30 2023      -0.05          -0.06          Missed