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

iHeartMedia

02/05/2023 22:02

* iHeartMedia Inc  IHRT.OQ  reported a quarterly adjusted
loss of
$1.50​​ per share for the quarter ended in March. The mean
expectation of eight analysts for the quarter was for a loss
of 75 cents per share.
    * Revenue fell 3.8% to $811.24 million from a year ago;
analysts
expected $796.84 million. 
    * iHeartMedia Inc's reported EPS for the quarter was a loss
of
$1.50​.
    * The mean earnings estimate of analysts had fallen by
about 81.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * iHeartMedia Inc shares had fallen by 7.4% this quarter and
lost 41.1% so far this year.
    * The company reported a quarterly loss of $222.26 million.
    * Wall Street's median 12-month price target for iHeartMedia
Inc
is $8.00 
    * 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 May
2 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.08           0.15           Beat