Earnings Preview For Salem Media Group
Portfolio Pulse from Benzinga Insights
Salem Media Group (NASDAQ:SALM) is scheduled to release its quarterly earnings report on Monday, 2023-11-13, with analysts expecting an EPS of $-0.04. Historical data shows that stock price reactions are more influenced by guidance than earnings beats or misses. Last quarter, SALM missed EPS estimates by $0.05, resulting in a 17.75% share price drop the following day. Over the last year, SALM shares have declined by 50.98%, indicating a bearish sentiment among long-term shareholders.
November 10, 2023 | 6:02 pm
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NEGATIVE IMPACT
Salem Media Group is expected to report an EPS of $-0.04 for the upcoming quarter. Historical performance shows significant stock price volatility post-earnings, with a notable drop after the last miss. Long-term trend shows a significant decline in stock value.
Given the historical negative reaction to earnings misses and the overall bearish trend of SALM's stock over the past year, there is a higher likelihood of a negative short-term impact on the stock price if the company fails to meet or exceed the EPS estimate or provides weak guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100