Townsquare Media Q3 Adj EPS $0.46 Beats $0.32 Estimate, Sales $115.10M Miss $116.18M Estimate
Portfolio Pulse from Benzinga Newsdesk
Townsquare Media reported Q3 earnings of $0.46 per share, beating the analyst consensus estimate of $0.32 by 43.75%. However, the company's quarterly sales of $115.10 million missed the analyst consensus estimate of $116.18 million by 0.93%. This represents a 2.13% decrease in earnings and a 4.58% decrease in sales compared to the same period last year.
November 09, 2023 | 11:01 am
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NEUTRAL IMPACT
Townsquare Media's Q3 earnings beat estimates but sales missed, which could lead to mixed market reactions.
While the company's earnings beat estimates, which is generally positive for the stock price, the missed sales estimates could offset this positive impact. Therefore, the net impact on the stock price could be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100