Salem Media Group Inc expected to post a loss of 4 cents a share - Earnings Preview

Salem Media

30/10/2023 12:29

* Salem Media Group Inc  SALM.OQ   SALM.O  is expected
to show a
fall in quarterly revenue when it reports  results 
    * The Irving Texas-based  company is expected to report  a
2.4% decrease in revenue to $65.235 million from $66.86 million
a year ago, according to the mean estimate from 2 analysts,
based on Refinitiv data. The company's guidance on August 8
2023, for the period ended September 30, was for revenue between
$63.55 million and $64.89 million.
    * ​Refinitiv's mean analyst estimate for Salem Media Group
Inc is
for a loss of 4 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 $3.38​, above​ its last closing price of $0.68. ​​​

This summary was machine generated October 30 at 12:29 GMT.  All
figures in US dollars  unless otherwise stated