Townsquare Media (TSQ) Lags Q2 Earnings Estimates

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]