Brokerages Anticipate Iheartmedia Inc (NYSE:IHRT) Will Post Earnings of -$0.20 Per Share

Wall Street analysts forecast that Iheartmedia Inc (NYSE:IHRT) will announce earnings of ($0.20) per share for the current quarter, according to Zacks. Three analysts have issued estimates for Iheartmedia’s earnings. The highest EPS estimate is ($0.07) and the lowest is ($0.50). Iheartmedia reported earnings of $0.16 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 225%. The firm is scheduled to report its next quarterly earnings results on Thursday, November 5th.

On average, analysts expect that Iheartmedia will report full year earnings of ($12.50) per share for the current year, with EPS estimates ranging from ($12.65) to ($12.34). For the next financial year, analysts expect that the business will post earnings of $0.35 per share, with EPS estimates ranging from ($0.10) to $0.82. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow 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 consensus estimate of ($0.84) by ($0.39). The firm had revenue of $487.65 million during the quarter, compared to analysts’ expectations of $555.71 million.

NYSE IHRT traded down $0.06 during trading on Thursday, reaching $9.18. 369,954 shares of the company’s stock traded hands, compared to its average volume of 834,405. Iheartmedia has a 12-month low of $4.31 and a 12-month high of $19.69. The company’s 50 day simple moving average is $8.78 and its two-hundred day simple moving average is $8.71.

About Iheartmedia

There is no company description available for iHeartMedia Inc

Further Reading: Price to Earnings Ratio (PE) Basics

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