$726.42 Million in Sales Expected for Iheartmedia Inc (NYSE:IHRT) This Quarter

Wall Street analysts predict that Iheartmedia Inc (NYSE:IHRT) will announce $726.42 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Iheartmedia’s earnings, with the lowest sales estimate coming in at $691.10 million and the highest estimate coming in at $762.17 million. Iheartmedia posted sales of $948.34 million during the same quarter last year, which suggests a negative year-over-year growth rate of 23.4%. The company is expected to issue its next quarterly earnings results on Thursday, November 5th.

According to Zacks, analysts expect that Iheartmedia will report full-year sales of $2.94 billion for the current financial year, with estimates ranging from $2.79 billion to $3.01 billion. For the next financial year, analysts forecast that the company will post sales of $3.39 billion, with estimates ranging from $3.29 billion to $3.49 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Iheartmedia.

Iheartmedia (NYSE:IHRT) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($1.23) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.84) by ($0.39). The company had revenue of $487.65 million for the quarter, compared to analysts’ expectations of $555.71 million.

Shares of NYSE:IHRT traded up $0.01 during trading on Monday, hitting $8.13. The company had a trading volume of 513,104 shares, compared to its average volume of 818,194. Iheartmedia has a one year low of $4.31 and a one year high of $19.69. The company has a fifty day simple moving average of $8.90 and a two-hundred day simple moving average of $8.11.

Iheartmedia Company Profile

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