Cumulus Media: Here’s What Investors Need to Know Before Earnings
Cumulus Media (NASDAQ:CMLS) will report earnings before markets open on Tuesday, May 7th. Cumulus Media Inc., a radio broadcasting company, acquires, operates, and develops radio stations in mid-size radio markets in the United States. The Company also provides sales and marketing services under local marketing agreements to various stations in the United States.
Here is your Cheat Sheet to Cumulus Media Earnings:
Earnings Expectations: Analysts expect earnings of $-0.06 per share on revenues of $233.95 million.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.08 to a profit $0.07. For the current year, the average estimate is a profit of $0.17, which is worse than the estimate ninety days ago.
Here’s how Cumulus Media has been performing on an annual basis:
|Revenue ($) in millions||311.54||256.05||236.64||519.96||1,077|
|Diluted EPS ($)||-8.55||-3.13||0.68||0.80||-0.33|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||281.27||245.32||281.04||275.35||284.20|
|Diluted EPS ($)||-0.1391||-0.12||0.01||0.24||-0.5092|
Cumulus Media has missed analyst estimates 3 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)