Cumulus Media (Nasdaq: CMLS ) reported earnings on May 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Cumulus Media missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted. Non-GAAP loss per share dropped. GAAP loss per share grew.
Gross margins contracted, operating margins dropped, net margins grew.
Cumulus Media chalked up revenue of $232.9 million. The five analysts polled by S&P Capital IQ anticipated a top line of $238.2 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.07. The five earnings estimates compiled by S&P Capital IQ anticipated -$0.05 per share. Non-GAAP EPS were -$0.07 for Q1 against -$0.08 per share for the prior-year quarter. GAAP EPS were -$0.14 for Q1 compared to -$0.12 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 quarter, gross margin was 29.5%, 540 basis points worse than the prior-year quarter. Operating margin was 10.1%, 370 basis points worse than the prior-year quarter. Net margin was -3.9%, 120 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $279.3 million. On the bottom line, the average EPS estimate is $0.06.
Next year's average estimate for revenue is $1.07 billion. The average EPS estimate is $0.16.
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 18 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 12 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 $4.06.
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