Cumulus Media (Nasdaq: CMLS) reported earnings on Nov. 5. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Cumulus Media missed estimates on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank and GAAP earnings per share dropped significantly.

Gross margins grew, operating margins dropped, net margins shrank.

Revenue details
Cumulus Media tallied revenue of $275.4 million. The four analysts polled by S&P Capital IQ foresaw net sales of $293.3 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $132.3 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.10. The four earnings estimates compiled by S&P Capital IQ predicted $0.06 per share. GAAP EPS of $0.33 for Q3 were 45% lower than the prior-year quarter's $0.60 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 41.3%, 20 basis points better than the prior-year quarter. Operating margin was 23.4%, 410 basis points worse than the prior-year quarter. Net margin was 20.4%, 2,460 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $304.4 million. On the bottom line, the average EPS estimate is $0.08.

Next year's average estimate for revenue is $1.12 billion. The average EPS estimate is $0.06.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 72 members out of 96 rating the stock outperform, and 24 members rating it underperform. Among 17 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 11 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.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.