Cumulus Media Q2 EPS $(0.06) Beats $(0.37) Estimate, Sales $210.14M Beat $208.78M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cumulus Media reported Q2 earnings per share of $(0.06), beating the analyst consensus estimate of $(0.37) by 83.78%. This is a 114.29% decrease from the same period last year. The company also reported quarterly sales of $210.14 million, beating the analyst consensus estimate of $208.78 million by 0.65%. This is a 11.24% decrease from the same period last year.
July 28, 2023 | 12:04 pm
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POSITIVE IMPACT
Cumulus Media's Q2 earnings and sales beat analyst estimates, despite decreases from the same period last year.
Cumulus Media's better-than-expected Q2 earnings and sales could lead to a short-term increase in its stock price. However, the year-over-year decreases in earnings and sales may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100