iHeartMedia Inc reports results for the quarter ended in September 30 - Earnings Summary

iHeartMedia

07/11/2024 15:11

* iHeartMedia Inc  IHRT.OQ  reported a quarterly adjusted
loss
of 27 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of -6 cents.  The mean expectation of five analysts for the
quarter was for earnings of 3 cents per share. Wall Street
expected results to range from 1 cents to 4 cents per share.
    * Revenue rose 5.8% to $1.01 billion from a year ago;
analysts
expected $1.00 billion. 
    * iHeartMedia Inc's reported EPS for the quarter was a loss
of 27
cents​.
    * The company reported a quarterly loss of $41.27 million.
    * iHeartMedia Inc shares had fallen by 5.9% this quarter and
lost 34.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 82.9%
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 November 7 at
03:11 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
 Sep. 30 2024      0.03           -0.27          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