Financial Performance - Cumulus Media reported a quarterly loss of $0.39 per share, better than the Zacks Consensus Estimate of a loss of $0.58, and a significant improvement from a loss of $2.60 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 $221.3 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 $199.2 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]
Cumulus Media (CMLS) Reports Q4 Loss, Lags Revenue Estimates