Cumulus Media Inc. (NASDAQ:CMLS) radio broadcastor, is reporting third quarter earnings results on Thursday 5th November 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 1.15 per share.
For the full year, analysts predict revenues of $ 806.12 million, while looking forward to loss of $ 3.97 per share.
Previous Quarter Performance
Cumulus Media Inc. unwinded loss for the second quarter of $ 1.51 per share, from the revenue of $ 146.02 million. The quarterly revenues declined 47.38 percent compared with the same quarter last year. The consensus estimates are loss of $ 2.36 per share from $ 153.07 million in revenue. The bottom line results beat street analysts by $ 0.85 or 36.02 percent, at the same time, top line results fell short of analysts by $ 7.05 million or 4.61 percent.
Stock Performance
Shares of Cumulus Media Inc. traded up $ 0.03 or 0.58 percent on Wednesday, reaching $ 5.17 with volume of 50.40 thousand shares. Cumulus Media Inc. has traded high as $ 5.47 and has cracked $ 5.12 on the downward trend
The closing price of $ 5.17, representing a 71.33 % increase from the 52 week low of $ 3.00 and a 71.68 % decrease over the 52 week high of $ 18.15.
The company has a market capital of $ 105.04 million and is part of the Consumer Cyclical sector and Broadcasting – Radio industry.
Conference Call
Cumulus Media Inc. will be hosting a conference call at 8:30 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cumulusmedia.com
Cumulus Media Inc. owns and operates radio stations in the United States. The company operates through two segments, Cumulus Radio Station Group and Westwood One.
