Zacks: Analysts Expect Iheartmedia Inc (NYSE:IHRT) Will Announce Earnings of -$0.84 Per Share

Wall Street analysts expect that Iheartmedia Inc (NYSE:IHRT) will post earnings of ($0.84) per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Iheartmedia’s earnings, with estimates ranging from ($1.08) to ($0.73). Iheartmedia reported earnings per share of $0.16 during the same quarter last year, which suggests a negative year over year growth rate of 625%. The firm is expected to report its next quarterly earnings results on Thursday, November 5th.

According to Zacks, analysts expect that Iheartmedia will report full-year earnings of ($12.56) per share for the current year, with EPS estimates ranging from ($12.70) to ($12.34). For the next financial year, analysts forecast that the firm will post earnings of $0.17 per share, with EPS estimates ranging from ($0.10) to $0.56. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Iheartmedia.

Iheartmedia (NYSE:IHRT) last released its earnings results on Thursday, August 6th. The company reported ($1.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.84) by ($0.39). The business had revenue of $487.65 million during the quarter, compared to the consensus estimate of $555.71 million.

Shares of IHRT stock traded up $0.01 during trading on Friday, hitting $8.13. 513,104 shares of the company were exchanged, compared to its average volume of 818,194. The business’s 50-day simple moving average is $8.90 and its 200 day simple moving average is $8.11. Iheartmedia has a twelve month low of $4.31 and a twelve month high of $19.69.

About Iheartmedia

There is no company description available for iHeartMedia Inc

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