Salem Media Group Inc reports results for the quarter ended in June - Earnings Summary

Salem Media

08/08/2023 23:02

* Salem Media Group Inc  SALM.OQ  reported a quarterly
adjusted
loss of 26 cents​​ per share for the quarter ended in June. The
mean expectation of two analysts for the quarter was for a loss
of 10 cents per share.
    * Revenue fell 4.2% to $65.77 million from a year ago;
analysts
expected $64.57 million. 
    * Salem Media Group Inc's reported EPS for the quarter was a
loss
of 26 cents​.
    * The mean earnings estimate of analysts had fallen by
about 85.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Salem Media Group Inc shares had fallen by 1.9% this
quarter and
lost 10.5% so far this year.
    * The company reported a quarterly loss of $7.09 million.
    * Wall Street's median 12-month price target for Salem Media
Group
Inc is $3.68 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 10:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.10          -0.26          Missed
 Mar. 31 2023      -0.12          -0.19          Missed
 Dec. 31 2022      -0.03          -0.08          Missed
 Sep. 30 2022      0.07           -0.44          Missed