Townsquare Media Q2 EPS $0.18 Misses $0.48 Estimate, Sales $121.23M Beat $121.06M Estimate
Portfolio Pulse from Benzinga Newsdesk
Townsquare Media (NYSE:TSQ) reported Q2 earnings of $0.18 per share, missing the analyst consensus estimate of $0.48 by 62.5%. This is a 74.65% decrease from the same period last year. However, the company beat the sales estimate of $121.06M with $121.23M, a 0.14% increase, but a 0.57% decrease from last year.
August 09, 2023 | 10:02 am
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NEGATIVE IMPACT
Townsquare Media's Q2 earnings significantly missed analyst estimates, indicating potential financial instability. However, they slightly beat sales estimates.
The significant miss on earnings could negatively impact investor confidence in the company's financial stability, potentially leading to a decrease in stock price. The slight beat on sales estimates may mitigate this somewhat, but the overall impact is likely negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100