Cumulus Media (NASDAQ: CMLS) is set to announce its financial results for the third quarter of 2024 on Friday 1st November 2024. This highly anticipated announcement is scheduled to take place before market open. Investors will have the opportunity to learn more about the company's performance during the quarter.
Wall Street financial experts are forecasting that the establishment will announce an expected $0.54 loss per share for the quarter. Moreover, the firm is anticipated to disclose a total revenue of $204.25 million for this specific period.
In comparison to the same quarter of the prior year, the company's financial statement showcased a per share of income of $0.16. This was credited to the company's total revenue, which reached an impressive $207.42 million in that particular timeframe.
The company's full-year performance projections, as provided by Wall Street analysts, suggest a total revenue of $834.8 million. Further, they expect the earnings per share to achieve loss of $3.36 for the fiscal year.
CMLS will host a conference call with investment community on 1st November 2024 at 08:30 AM eastern time to discuss the financial results.
During Wednesday's trading, Cumulus Media (CMLS) shares reached a low of $1.15 and a high of $1.19, along with a total volume of 19.60 thousand shares. The stock ended the regular trading session at $1.17, showing of 0.86 percent.
