Cumulus Media Q4 Adj. EPS $(1.98) Misses $(0.59) Estimate, Sales $221.30M Beat $220.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cumulus Media (CMLS) reported a Q4 adjusted EPS of $(1.98), missing the $(0.59) estimate by 235.59%, with sales of $221.30M beating the $220.07M estimate by 0.56%. This represents an 11.93% decrease in sales compared to the same period last year.
February 27, 2024 | 1:09 pm
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NEGATIVE IMPACT
Cumulus Media reported a significant miss in Q4 adjusted EPS and a slight beat in sales, with a notable year-over-year decrease in sales.
The significant miss in EPS expectations is likely to negatively impact investor sentiment towards CMLS in the short term. Although the sales beat the estimate, the slight margin and the year-over-year decrease in sales could further contribute to a negative outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100