Salem Media Group, Inc. (NASDAQ:SALM) is set to announce third quarter earning results on Thursday 12th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, SALM to report 3Q20 loss of $ 0.01 per share.
For the full year, analysts anticipate top line of $ 235.32 million, while looking forward to loss of $ 2.11 per share bottom line.
Previous Quarter Performance
Salem Media Group, Inc. came out with loss for the second quarter of $ 0.09 per share, from the revenue of $ 52.87 million. According to street consensus, SALM was expected to report 2Q20 loss of $ 0.18 per share from revenue of $ 51.16 million. The bottom line results beat street analysts by $ 0.09 or 50.00 percent, at the same time, top line results outshined analysts by $ 1.71 million or 3.34 percent.
Stock Performance
Shares of Salem Media Group, Inc. traded up $ 0.00 or 0.52 percent on Wednesday, reaching $ 0.95 with volume of 273.00 thousand shares. Salem Media Group, Inc. has traded high as $ 0.96 and has cracked $ 0.93 on the downward trend
The closing price of $ 0.95, representing a 46.15 % increase from the 52 week low of $ 0.65 and a 63.74 % decrease over the 52 week high of $ 2.62.
The company has a market capital of $ 25.48 million and is part of the Consumer Cyclical sector and Broadcasting – Radio industry.
Conference Call
Salem Media Group, Inc. will be hosting a conference call at 5:00 PM eastern time on 12th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, (877) 524-8416 U.S. in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.salemmedia.com
Salem Media Group, Inc. operates as a multimedia company in the United States. It operates through three segments: Broadcast, Digital Media, and Publishing.
