Salem Media Group Inc expected to post a loss of 12 cents a share - Earnings Preview

Salem Media

05/05/2023 22:59

* Salem Media Group Inc  SALM.OQ   SALM.O  is expected
to show a
fall in quarterly revenue when it reports  results on May 9. 
    * The Irving Texas-based  company is expected to report  a
0.8% decrease in revenue to $62.093 million from $62.61 million
a year ago, according to the mean estimate from 3 analysts,
based on Refinitiv data. The company's guidance on March 8 2023,
for the period ended March 31, was for revenue between $61.36
million and $62.61 million.
    * ​Refinitiv's mean analyst estimate for Salem Media Group
Inc is
for a loss of 12 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "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 $4.25​, above​ its last closing price of $1.02. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.00        -0.03      -0.08     Missed  -140
 Sep. 30 2022  0.08        0.07       -0.44     Missed  -728.6
 Jun. 30 2022  0.04        0.04       0.33      Beat    676.5​
 Mar. 31 2022  0.03        0.03       0.06      Beat    80
 ​​Dec.        0.06        0.06       0.61      Beat    976.4
 31 2021                                                
 Sep. 30 2021  0.18        0.19       0.81      Beat    337.8​
 Jun. 30 2021              0.04       0.07      Beat    75
 Mar. 31 2021  -0.07       -0.10      0.00      Beat    100
 This summary was machine generated May 5 at 21:59 GMT.  All
figures in US dollars  unless otherwise stated