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Cumulus Media (CMLS) Reports Q4 Loss, Lags Revenue Estimates
CMLSCumulus Media(CMLS) ZACKS·2025-02-27 15:25

Financial Performance - Cumulus Media reported a quarterly loss of 0.39pershare,betterthantheZacksConsensusEstimateofalossof0.39 per share, better than the Zacks Consensus Estimate of a loss of 0.58, and a significant improvement from a loss of 2.60pershareayearago,representinganearningssurpriseof32.762.60 per share a year ago, representing an earnings surprise of 32.76% [1] - The company posted revenues of 218.58 million for the quarter ended December 2024, slightly missing the Zacks Consensus Estimate by 0.10%, and down from 221.3millionyear−over−year[2]−Overthelastfourquarters,CumulushassurpassedconsensusEPSestimatestwotimesbuthasnotbeatenconsensusrevenueestimates[2]StockPerformance−Cumulusshareshaveincreasedapproximately34.8221.3 million year-over-year [2] - Over the last four quarters, Cumulus has surpassed consensus EPS estimates two times but has not beaten consensus revenue estimates [2] Stock Performance - Cumulus shares have increased approximately 34.8% since the beginning of the year, significantly outperforming the S&P 500's gain of 1.3% [3] - The current consensus EPS estimate for the upcoming quarter is -1.17 on revenues of 199.2million,andforthecurrentfiscalyear,itis−199.2 million, and for the current fiscal year, it is -3.24 on revenues of $816 million [7] Industry Outlook - The Broadcast Radio and Television industry, to which Cumulus belongs, is currently ranked in the top 34% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Cumulus's stock performance [5][6]