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]

Core Insights - Townsquare Media, Inc. will participate in multiple upcoming investor conferences, showcasing its leadership team and providing opportunities for investor engagement [1][2][3]. Group 1: Upcoming Conferences - Bill Wilson, CEO, Stuart Rosenstein, CFO, and Claire Yenicay, EVP of Investor Relations, will present at the BofA Securities Leveraged Finance Conference on December 3, 2024, at 9:30 AM Eastern Time [2]. - Stuart Rosenstein and Claire Yenicay will present at the Noble Investment Conference on December 4, 2024, at 10:30 AM Eastern Time [3]. - Management will be available for one-on-one and group meetings with investors at both conferences [2][3]. Group 2: Webcast Information - A high-definition video webcast of the presentations will be available the day after each event on Townsquare's website and other platforms for 90 days [4]. Group 3: Company Overview - Townsquare Media is a community-focused digital media and marketing solutions company, operating local radio stations primarily outside the top 50 U.S. markets [5]. - The company offers a subscription digital marketing service, Townsquare Interactive, and a digital advertising division, Townsquare Ignite, which includes over 400 local news and entertainment websites [5]. - Townsquare Media's portfolio consists of 349 local terrestrial radio stations across 74 U.S. markets, featuring both local and national media brands [5].

Core Viewpoint - The article emphasizes the importance of value investing and highlights Townsquare Media (TSQ) as a strong stock opportunity based on its favorable metrics and Zacks Rank [1][2][6]. Company Metrics - Townsquare Media (TSQ) holds a Zacks Rank of 1 (Strong Buy) and a Value grade of A, indicating strong potential for investors [4]. - TSQ is currently trading at a P/E ratio of 9.98, significantly lower than the industry average P/E of 29.40, suggesting it may be undervalued [4]. - The stock's Forward P/E has fluctuated between 5.80 and 11.02 over the past year, with a median of 8.30 [4]. - TSQ has a PEG ratio of 0.83, which is lower than the industry's average PEG of 1.92, further indicating potential undervaluation [5]. - Over the past year, TSQ's PEG has ranged from 0.48 to 0.92, with a median of 0.69 [5]. Investment Outlook - The combination of TSQ's strong earnings outlook and its favorable valuation metrics positions it as an impressive value stock at the moment [6].

Company Performance - Townsquare Media reported quarterly earnings of $0.35 per share, matching the Zacks Consensus Estimate, but down from $0.46 per share a year ago [1] - The company posted revenues of $115.31 million for the quarter ended September 2024, slightly missing the Zacks Consensus Estimate by 0.14%, and showing a marginal increase from $115.1 million year-over-year [2] - Over the last four quarters, Townsquare has surpassed consensus EPS estimates only once, while it has topped revenue estimates three times [2] Stock Outlook - Townsquare shares have declined approximately 2.8% since the beginning of the year, contrasting with the S&P 500's gain of 24.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.54 on revenues of $121.33 million, and for the current fiscal year, it is $0.97 on revenues of $454.33 million [7] Industry Context - The Broadcast Radio and Television industry, to which Townsquare belongs, is currently ranked in the bottom 27% of over 250 Zacks industries, indicating a challenging environment [8] - Empirical research suggests that the performance of stocks is significantly influenced by the outlook for the industry, with the top 50% of Zacks-ranked industries outperforming the bottom 50% by more than 2 to 1 [8]

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 ...

Core Insights - Townsquare Media, Inc. will release its third quarter 2024 financial results on November 7, 2024, before market opening [1] - A conference call to discuss these results is scheduled for the same day at 10:00 a.m. Eastern Time [1] Company Overview - Townsquare Media is a community-focused digital media and marketing solutions company with a strong presence in local radio stations outside the top 50 U.S. markets [4] - The company operates a subscription digital marketing services business, Townsquare Interactive, serving approximately 23,575 small and medium-sized businesses (SMBs) [4] - Townsquare Ignite, the company's digital advertising division, includes over 400 local news and entertainment websites and mobile apps, along with a proprietary digital programmatic advertising technology stack [4] - The company owns a portfolio of 349 local terrestrial radio stations across 74 U.S. markets, focusing on local media brands and national music brands [4]

Core Insights - Townsquare Media, Inc. has announced a strategic digital advertising partnership with SummitMedia, expanding its reach in markets that do not overlap with its existing footprint [1][3] - Townsquare's digital advertising solutions, particularly through its Ignite division, now account for over 50% of the company's total revenue and profit, highlighting its significant growth in this area [2] Group 1: Partnership Details - The partnership with SummitMedia will leverage Townsquare's expertise in digital advertising to enhance SummitMedia's digital offerings, particularly through customized, data-driven strategies [3][4] - SummitMedia recognizes Townsquare as a best-in-class partner, aiming to launch a new digital solutions arm called Summit Interactive as part of this collaboration [4] Group 2: Company Overview - Townsquare Media operates a community-focused digital media and marketing solutions business, primarily outside the top 50 U.S. markets, with a portfolio that includes over 400 local news and entertainment websites and 349 local radio stations [5] - The company serves approximately 23,575 small and medium-sized businesses (SMBs) through its subscription digital marketing services, Townsquare Interactive, which includes website design, SEO, and social media management [5] Group 3: SummitMedia Overview - SummitMedia is an integrated broadcasting and digital media company with a strong presence in key U.S. markets, providing targeted advertising campaigns that connect brands with diverse audiences [6]

Core Viewpoint - Townsquare Media (NYSE: TSQ) is positioned as an undervalued stock with a forward dividend yield of 7.32% and strong long-term prospects, primarily driven by its digital business rather than traditional radio [1][2]. Company Overview - Townsquare Media operates three main business units: Townsquare Interactive (digital marketing services), Townsquare IGNITE (programmatic advertising technology), and a portfolio of 349 local radio stations [2]. - The digital segments (Interactive and IGNITE) contributed 52% of overall revenue and 51% of adjusted operating income in the first half of 2024, indicating a shift towards digital revenue generation [2][3]. Recent Performance - Despite year-over-year declines in overall revenue and adjusted operating income, Townsquare's operating performance improved on a quarter-over-quarter basis in Q2 2024 [5][6]. - The company has adjusted its full-year 2024 revenue guidance to between $440 million and $455 million, with adjusted EBITDA expected between $100 million and $105 million [7]. Valuation Insights - TSQ stock trades at a forward EV-to-EBITDA ratio of 6.5 to 6.7, which is considered undervalued compared to peers like Saga Communications, but at a premium to iHeartMedia and Cumulus Media [8]. - A potential valuation adjustment could see TSQ's enterprise value closer to $750 million, leading to a net valuation of approximately $251.9 million or $16.36 per share after accounting for debt and cash [9]. Growth Potential - Townsquare Media has reduced its share count by 7.23% over the last two quarters, indicating a shareholder-friendly approach that could unlock significant value over time [12]. - The company’s digital transformation and potential asset sales, particularly of Townsquare Interactive, could further enhance its market value [12]. Strategic Alternatives - Potential strategic alternatives, such as an asset sale or outright acquisition, could help bridge the valuation gap, with interest from various strategic and financial buyers due to the value proposition of Townsquare's digital assets [12].

分组1 - Townsquare Media reported quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.42 per share, and down from $0.18 per share a year ago, adjusted for non-recurring items [1] - The earnings surprise for this quarter was -66.67%, following a previous quarter where the company reported earnings of $0.03 per share against an expectation of $0.06, resulting in a -50% surprise [2] - Townsquare's revenues for the quarter ended June 2024 were $118.23 million, surpassing the Zacks Consensus Estimate by 0.20%, but down from $121.23 million year-over-year [3] 分组2 - The stock has gained approximately 3.8% since the beginning of the year, compared to the S&P 500's gain of 9.9% [4] - The earnings outlook for Townsquare is mixed, with the current consensus EPS estimate for the coming quarter at $0.51 on revenues of $116.1 million, and $1.37 on revenues of $452.15 million for the current fiscal year [8] - The Broadcast Radio and Television industry, to which Townsquare belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, indicating potential challenges for stock performance [9]