Salem Media Group Inc expected to post earnings of 7cents a share - Earnings Preview

Salem Media

02/11/2022 02:03

* Salem Media Group Inc  SALM.OQ   SALM.O  is expected
to show a
rise in quarterly revenue when it reports  results on November
3. 
    * The Irving Texas-based  company is expected to report  a
3.5% increase in revenue to $68.321 million from $65.98 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. The company's guidance on September 6
2022, for the period ended September 30, was for revenue between
$66.00 million and $67.32 million.
    * ​Refinitiv's mean analyst estimate for Salem Media Group
Inc is
for earnings of 7 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 $5.63​, above​ its last closing price of $2.01. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2021  0.18        0.19       0.81      Beat    337.8
 ​​Jun.                    0.04       0.07      Beat    75
 30 2021                                                
 Mar. 31 2021  -0.07       -0.10      0.00      Beat    100​
 Dec. 31 2020  0.03        0.03       0.12      Beat    260
 Sep. 30 2020  -0.01       -0.01      0.01      Beat    200
 This summary was machine generated November 2 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated