Cumulus Media Inc reports results for the quarter ended March 31 - Earnings Summary

• Cumulus Media Inc CMLS.OQ reported a quarterly adjusted loss of $1.88​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -85 cents. The mean expectation of two analysts for the quarter was for a loss of $1.29 per share. Wall Street expected results to range from $-1.33 to $-1.25 per share.

• Revenue fell 6.4% to $187.35 million from a year ago; analysts expected $190.10 million.

• Cumulus Media Inc's reported EPS for the quarter was a loss of $1.88​.

• The company reported a quarterly loss of $32.37 million.

• Cumulus Media Inc shares had fallen by 47.2% this quarter and lost 65.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 10.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the broadcasting peer group is also "hold"

• Wall Street's median 12-month price target for Cumulus Media Inc is $11.00

This summary was machine generated from LSEG data May 1 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)