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

Salem Media

10/05/2023 01:06

* Salem Media Group Inc  SALM.OQ  reported a quarterly
adjusted
loss of 19 cents​​ per share for the quarter ended in March. The
mean expectation of three analysts for the quarter was for a
loss of 12 cents per share.
    * Revenue rose 1.4% to $63.49 million from a year ago;
analysts
expected $62.09 million. 
    * The mean earnings estimate of analysts had fallen by
about 311.1% 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 5.5% this
quarter and
lost 1.9% so far this year.
    * The company reported a quarterly loss of $5.15 million.
    * Wall Street's median 12-month price target for Salem Media
Group
Inc is $4.25 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
10 at 12:06 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.04           0.33           Beat