Townsquare Media Q1 2024 Adj EPS $0.03 Misses $0.05 Estimate, Sales $99.633M Beat $98.638M Estimate
Portfolio Pulse from Benzinga Newsdesk
Townsquare Media (NYSE:TSQ) reported Q1 2024 earnings of $0.03 per share, missing the consensus estimate of $0.05 by 40%. However, their quarterly sales of $99.633M exceeded the estimate of $98.638M by 1.01%, despite being a 3.37% decrease from the previous year's $103.110M.
May 09, 2024 | 10:01 am
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NEUTRAL IMPACT
Townsquare Media's Q1 2024 earnings missed estimates but sales exceeded expectations, showing mixed financial health.
The earnings miss could negatively impact investor sentiment due to profitability concerns. However, the sales beat might offset some of the negative sentiment by indicating potential revenue growth stability. The mixed results lead to a neutral short-term price direction expectation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100