iHeartMedia (IHRT) Set to Announce Quarterly Earnings on Thursday
iHeartMedia (NASDAQ:IHRT) is set to release its quarterly earnings data on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.55) per share for the quarter. The stock price of IHRT opened at $2.15 on Thursday.
iHeartMedia (NASDAQ:IHRT - Get Free Report) is set to issue its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.55) per share for the quarter. Parties that wish to listen to the company's conference call can do so using this link.
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iHeartMedia (NASDAQ:IHRT - Get Free Report) last issued its quarterly earnings data on Thursday, February 29th. The company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.04. iHeartMedia had a negative net margin of 29.40% and a negative return on equity of 1,197.12%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the business posted $0.54 earnings per share. On average, analysts expect iHeartMedia to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
iHeartMedia Trading Up 2.4 %
Shares of IHRT stock opened at $2.15 on Thursday. iHeartMedia has a 1 year low of $1.77 and a 1 year high of $4.74. The firm's fifty day moving average price is $2.12 and its two-hundred day moving average price is $2.37. The firm has a market capitalization of $311.21 million, a P/E ratio of -0.29 and a beta of 1.88.
Wall Street Analysts Forecast Growth
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Separately, Guggenheim lowered their price target on shares of iHeartMedia from $6.00 to $5.00 and set a "buy" rating on the stock in a research note on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, iHeartMedia has a consensus rating of "Hold" and a consensus target price of $4.07.
Check Out Our Latest Research Report on IHRT
About iHeartMedia
(Get Free Report)
iHeartMedia, Inc operates as an audio media company in the United States and internationally. It operates through three segments: Multiplatform Group, Digital Audio Group, and Audio & Media Services Group. The Multiplatform Group segment offers broadcast radio stations, sponsorship and events, and live and virtual events; and operates Premiere Networks, a national radio network that produces, distributes, or represents syndicated radio programs and services to radio station affiliates.
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