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

Saga Communications

08/08/2024 15:01

* Saga Communications Inc  SGA.OQ  reported quarterly
adjusted
earnings of 40 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 65 cents.  The lone analyst forecast for the quarter was
for earnings of 29 cents per share. 
    * Revenue fell 1.5% to $28.74 million from a year ago;
analysts
expected $28.80 million. 
    * Saga Communications Inc shares had fallen by 1.6% this
quarter and lost 30.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 54%
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 "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the broadcasting
peer
group is also "buy"

Wall Street's median 12-month price target for Saga
Communications Inc is $27.00 
This summary was machine generated from LSEG data August 8 at
02:01 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      0.29           0.40           Beat
 Mar. 31 2024      0.00           -0.25          Missed
 Dec. 31 2023      0.31           0.37           Beat
 Sep. 30 2023      0.47           0.45           Missed