Townsquare Media (TSQ) Matches Q3 Earnings Estimates

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]