Salem Media Group Inc expected to post a loss of 10 cents a share - Earnings Preview

Salem Media

31/07/2023 14:39

* Salem Media Group Inc  SALM.OQ   SALM.O  is expected
to show a
fall in quarterly revenue when it reports  results on August 2
(estimated). 
    * The Irving Texas-based  company is expected to report  a
6.0% decrease in revenue to $64.565 million from $68.68 million
a year ago, according to the mean estimate from 2 analysts,
based on Refinitiv data. The company's guidance on May 9 2023,
for the period ended June 30, was for revenue between $63.89
million and $65.27 million.
    * ​Refinitiv's mean analyst estimate for Salem Media Group
Inc is
for a loss of 10 cents per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Salem Media
Group
Inc is $3.68​, above​ its last closing price of $0.97. ​​​

This summary was machine generated July 31 at 13:39 GMT.  All
figures in US dollars  unless otherwise stated