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

Salem Media

10/05/2022 21:02

* Salem Media Group Inc  SALM.OQ  reported quarterly
adjusted
earnings of 6 cents​​ per share for the quarter ended in March.
The mean expectation of three analysts for the quarter was
for earnings of 3 cents per share.
    * Revenue rose 5.5% to $62.61 million from a year ago; 
analysts
expected $62.02 million. 
    * Salem Media Group Inc's reported EPS for the quarter was 6
cents​.
    * The mean earnings estimate of analysts had risen by
about 11.1%
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 18.7% this
quarter and lost 10.0% so far this year.
    * The company reported quarterly net income of $1.74
million.
    * Wall Street's median 12-month price target for Salem Media
Group
Inc is $6.00 
    * 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." 

This summary was machine generated May 10 at 08:01 p.m.  ​All
figures in US dollars unless otherwise stated