Salem Media Group Inc expected to post a loss of 3 cents a share - Earnings Preview

Salem Media

27/02/2023 11:05

* Salem Media Group Inc  SALM.OQ   SALM.O  is expected
to show a
fall in quarterly revenue when it reports  results on March 1
(estimated). 
    * The Irving Texas-based  company is expected to report  a
3.6% decrease in revenue to $66.672 million from $69.13 million
a year ago, according to the mean estimate from 3 analysts,
based on Refinitiv data. The company's guidance on November 3
2022, for the period ended December 31, was for revenue between
$65.64 million and $67.03 million.
    * ​Refinitiv's mean analyst estimate for Salem Media Group
Inc is
for a loss of 3 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "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 $5​, above​ its last closing price of $1.35. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2021  0.06        0.06       0.61      Beat    976.4
 ​​Sep.        0.18        0.19       0.81      Beat    337.8
 30 2021                                                
 Jun. 30 2021              0.04       0.07      Beat    75​
 Mar. 31 2021  -0.07       -0.10      0.00      Beat    100
 Dec. 31 2020  0.03        0.03       0.12      Beat    260
 This summary was machine generated February 27 at 11:05 GMT. 
All figures in US dollars  unless otherwise stated