Cumulus Media Q3 2024 GAAP EPS $(0.61) Misses $(0.54) Estimate, Sales $203.598M Miss $204.250M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cumulus Media reported Q3 2024 earnings with a GAAP EPS of $(0.61), missing the consensus estimate of $(0.54). Sales were $203.598 million, also below the expected $204.250 million, marking a decrease from last year's $207.419 million.
November 01, 2024 | 12:08 pm
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NEGATIVE IMPACT
Cumulus Media's Q3 2024 earnings report showed a larger-than-expected loss per share and lower-than-expected sales, which could negatively impact the stock price in the short term.
The company's reported EPS and sales both missed analyst estimates, which typically leads to negative investor sentiment and potential short-term stock price decline. The miss in both earnings and sales suggests operational challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100