Cumulus Media (Nasdaq: CMLS ) is expected to report Q1 earnings on May 7. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Cumulus Media's revenues will decrease -2.9% and EPS will remain in the red.
The average estimate for revenue is $238.2 million. On the bottom line, the average EPS estimate is -$0.05.
Last quarter, Cumulus Media tallied revenue of $284.2 million. GAAP reported sales were 1.0% higher than the prior-year quarter's $281.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at -$0.49. GAAP EPS were -$0.51 for Q4 compared to -$0.08 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 37.6%, 70 basis points worse than the prior-year quarter. Operating margin was 20.8%, 600 basis points better than the prior-year quarter. Net margin was -29.8%, much worse than the prior-year quarter.
The full year's average estimate for revenue is $1.07 billion. The average EPS estimate is $0.14.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 72 members out of 98 rating the stock outperform, and 26 members rating it underperform. Among 19 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 13 give Cumulus Media a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cumulus Media is buy, with an average price target of $4.00.
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