Curious about iHeartMedia (IHRT) Q3 Performance? Explore Wall Street Estimates for Key Metrics
The upcoming report from iHeartMedia (IHRT) is expected to reveal quarterly earnings of $0.00 per share, indicating a decline of 100% compared to the year-ago period. Analysts forecast revenues of $1.05 billion, representing an increase of 5.6% year over year.
The consensus EPS estimate for the quarter has been revised 3.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company’s earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company’s quarterly performance, scrutinizing analysts’ projections for some of the company’s key metrics can offer a more comprehensive perspective.
With that in mind, let’s delve into the average projections of some iHeartMedia metrics that are commonly tracked and projected by analysts on Wall Street.
It is projected by analysts that the ‘Revenue- Digital Audio Group’ will reach $384.30 million. The estimate indicates a year-over-year change of +12.5%.
Analysts’ assessment points toward ‘Revenue- Audio and Media Services’ reaching $83.82 million. The estimate indicates a year-over-year change of +25.8%.
The collective assessment of analysts points to an estimated ‘Revenue- Multiplatform Group’ of $587.33 million. The estimate points to a change of -0.7% from the year-ago quarter.
The consensus estimate for ‘Revenue- Multiplatform Group- Other’ stands at $4.60 million. The estimate indicates a change of +4.4% from the prior-year quarter.
The average prediction of analysts places ‘Revenue- Multiplatform Group- Networks’ at $110.82 million. The estimate indicates a year-over-year change of -3%.
The combined assessment of analysts suggests that ‘Revenue- Multiplatform Group- Sponsorship and Events’ will likely reach $40.98 million. The estimate indicates a year-over-year change of -10%.
According to the collective judgment of analysts, ‘Revenue- Multiplatform Group- Broadcast Radio’ should come in at $430.93 million. The estimate indicates a change of +0.9% from the prior-year quarter.
View all Key Company Metrics for iHeartMedia here>>>