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

Salem Media

06/05/2022 20:28

* Salem Media Group Inc  SALM.OQ   SALM.O  is expected
to show a
rise in quarterly revenue when it reports  results on May 10. 
    * The Irving Texas-based  company is expected to report  a
4.5% increase in revenue to $62.02 million from $59.35 million a
year ago, according to the mean estimate from 3 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Salem Media Group
Inc is
for earnings of 3 cents per share. For the same quarter last
year, the company reported breakeven results 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 $6​, above​ its last closing price of $2.97. ​​​
    * 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 2021  0.06        0.06       0.61      Beat    976.4
 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
 ​​Dec.        0.03        0.03       0.12      Beat    260
 31 2020                                                
 Sep. 30 2020  -0.01       -0.01      0.01      Beat    200​
 Jun. 30 2020  -0.18       -0.18      -0.09     Beat    51.4
 Mar. 31 2020  0.04        0.03       -2.06     Missed  -6,966
                                                        .7
 This summary was machine generated May 6 at 19:28 GMT.  All
figures in US dollars  unless otherwise stated