Cumulus Media Inc. First Quarter Earnings Sneak Peek

Cumulus Media Inc. (NASDAQ:CMLS) will unveil its latest earnings on Monday, May 7, 2012. Cumulus Media is a radio broadcasting company that owns and operates FM and AM radio station clusters serving mid-sized markets throughout the United States.

Cumulus Media Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 3 cents per share, up from net income of 15 cents in the year-earlier quarter. For the year, analysts are projecting profit of 26 cents per share, a decline of 38.1% from last year.

Past Earnings Performance: The company missed estimates last quarter by reporting net loss of 7 cents per share against a mean estimate of net income of 4 cents per share.

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A Look Back: In the fourth quarter of the last fiscal year, the company swung to a loss of $13.1 million (75 cents a share) from a profit of $7.5 million (18 cents) a year earlier, missing analyst expectations. Revenue rose more than fourfold to $290.2 million from $69.8 million.

Key Stats:

On the top line, the company is looking to build on two-straight revenue increases with this earnings announcement. Revenue rose 96.1% in the third quarter of the last fiscal year before climbing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between February 3, 2012 and May 1, 2012, the stock price fell 29 cents (-7.8%), from $3.70 to $3.41. The stock price saw one of its best stretches over the last year between March 12, 2012 and March 21, 2012, when shares rose for eight straight days, increasing 14.3% (+46 cents) over that span. It saw one of its worst periods between January 20, 2012 and January 30, 2012 when shares fell for seven straight days, dropping 10% (-39 cents) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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