Core Insights - Townsquare Media, Inc. announced preliminary estimated financial results for Q4 and full year 2024, aligning with previous guidance [2] - Full year net revenue is expected to be between $450 million and $452 million, with Q4 net revenue projected between $117 million and $119 million [2] - Adjusted EBITDA for the full year is anticipated to be approximately $100 million, with Q4 expected to be around $31 million [2] Financial Performance - Digital divisions showed strong performance in Q4, with Digital Advertising net revenue growth exceeding +15% year-over-year [2] - Total Q4 Digital revenue is expected to increase approximately +11% year-over-year, representing 52% of Townsquare's net revenue in 2024 [2] - The company repurchased approximately $12 million of Senior Secured Notes in Q4, totaling $36 million for the year, ending with $467 million in debt and $33 million in cash [2] Business Strategy - Townsquare Media is transitioning from a local broadcast radio company to a Digital First Local Media Company, focusing on digital marketing solutions and partnerships [2][3] - The company is expanding its Media Partnerships division, recently entering agreements with local media providers in non-overlapping markets [2] - Townsquare's strategy emphasizes markets outside the Top 50 U.S. cities, enhancing its competitive position in local media [2]

Core Insights - The article does not provide specific insights or analysis regarding any companies or industries, focusing instead on disclaimers and disclosures related to the author's position and affiliations [1][2]. Group 1 - No stock, option, or similar derivative positions are held by the author in any mentioned companies, nor are there plans to initiate such positions in the next 72 hours [1]. - The article expresses the author's personal opinions and does not involve compensation beyond that from Seeking Alpha [1]. - There is no business relationship with any company whose stock is mentioned in the article [1]. Group 2 - Past performance is noted as not guaranteeing future results, and no specific investment recommendations are provided [2]. - The views expressed may not reflect those of Seeking Alpha as a whole, indicating a diversity of opinions among analysts [2]. - The analysts contributing to the platform may not be licensed or certified by any regulatory body, highlighting the need for caution in interpreting their analyses [2].

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point, as stocks may lose momentum when their valuations exceed future growth potential [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: Townsquare Media (TSQ) Analysis - Townsquare Media (TSQ) has shown a four-week price change of 0.9%, indicating growing investor interest [4] - TSQ has gained 1.4% over the past 12 weeks, with a beta of 1.36, suggesting it moves 36% more than the market [5] - TSQ holds a Momentum Score of B, indicating a favorable time to invest based on momentum [6] Group 3: Earnings Estimates and Valuation - TSQ has a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which attract more investors [7] - The stock is trading at a Price-to-Sales ratio of 0.35, meaning investors pay 35 cents for each dollar of sales, indicating a reasonable valuation [7] Group 4: Additional Investment Opportunities - Besides TSQ, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting further investment opportunities [8] - The Zacks Premium Screens offer over 45 strategies tailored to help investors find winning stock picks [9]

Core Viewpoint - Townsquare Media (TSQ) shows significant upside potential with a mean price target of $16.83, indicating a 66.1% increase from the current price of $10.13 [1] Price Targets and Estimates - The mean estimate consists of three short-term price targets with a standard deviation of $4.25, where the lowest estimate is $12.50 (23.4% increase) and the highest is $21 (107.3% increase) [2] - A low standard deviation suggests strong agreement among analysts regarding the stock's price movement, which can serve as a starting point for further research [7] Analyst Sentiment and Earnings Estimates - There is increasing optimism among analysts about TSQ's earnings prospects, as indicated by a positive trend in earnings estimate revisions, which correlates with potential stock price increases [9] - The Zacks Consensus Estimate for the current year has risen by 10.3% over the past month, with no negative revisions [10] - TSQ holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [11] Caution on Price Targets - While price targets are a common metric, relying solely on them for investment decisions may not be prudent due to historical inaccuracies in predicting actual stock movements [3][5][8] - Analysts often set optimistic price targets influenced by business relationships, which can lead to inflated expectations [6]

PURCHASE, N.Y., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE: TSQ) (“Townsquare,” or the “Company”) announced today that Bill Wilson, Chief Executive Officer, Stuart Rosenstein, Chief Financial Officer, and Claire Yenicay, Executive Vice President, Investor Relations, will participate in upcoming investor conferences. BofA Securities Leveraged Finance Conference Bill Wilson, Stuart Rosenstein, and Claire Yenicay will present at BofA Securities’ Leveraged Finance Conference at The Boca Rato ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companie ...

Townsquare Media (TSQ) came out with quarterly earnings of $0.35 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this operator of radio stations in small and mid-sized markets would post earnings of $0.42 per share when it actually produced earnings of $0.14, delivering a surprise of -66.67%.Over the last four quarters, the company has surpassed consensus EPS ...

Digital Represents 52% of September YTD Total Net RevenueIgnite's Digital Advertising Revenue Growth Accelerates in Q3Repurchased $25 Million of Debt ($36M through October) and $24 Million of Equity in September YTD Period PURCHASE, N.Y., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE: TSQ) (“Townsquare”, the "Company," "we," "us," or "our") announced today its financial results for the third quarter ended September 30, 2024. “I am pleased to share that Townsquare’s net revenue returned to y ...

PURCHASE, N.Y., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE: TSQ) ("Townsquare" or the "Company") announced today that it will release third quarter 2024 financial results before the market opens on Thursday, November 7, 2024. The Company will host a conference call to discuss certain third quarter 2024 financial results on Thursday, November 7, 2024 at 10:00 a.m. Eastern Time. The conference call dial-in number is 1-800-717-1738 (U.S. & Canada) or 1-646-307-1865 (International) and the c ...

PURCHASE, N.Y., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Townsquare Media, Inc. (NYSE: TSQ) ("Townsquare" or the "Company"), a leader in digital advertising and marketing solutions focused on markets outside of the Top 50 in the United States, announced today a strategic digital advertising partnership with SummitMedia, LLC, a prominent media company with a market-leading presence in nine U.S. cities (including Birmingham, AL; Greenville, SC; Honolulu, HI; Knoxville, TN; Louisville, KY; Omaha, NE; Richmond, VA; Sp ...