iHeartMedia-IHeartMedia (IHRT) Tops Q4 Earnings Estimates

Core Insights - iHeartMedia reported quarterly earnings of $0.76 per share, significantly exceeding the Zacks Consensus Estimate of$ 0.39 per share, and showing a substantial increase from $0.09 per share a year ago, resulting in an earnings surprise of 94.87% [1] - The company generated revenues of$ 1.12 billion for the quarter ended December 2024, which was 4.15% below the Zacks Consensus Estimate, but an increase from $1.07 billion year-over-year [2] - iHeartMedia's stock has increased by approximately 14.7% since the beginning of the year, outperforming the S&P 500's gain of 1.3% [3] Earnings Outlook - The future performance of iHeartMedia's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook, including current consensus earnings expectations for upcoming quarters [4][6] - The current consensus EPS estimate for the next quarter is -$ 0.37 on revenues of $804.35 million, and for the current fiscal year, it is -$ 0.11 on revenues of $3.83 billion [7] Industry Context - The Broadcast Radio and Television industry, to which iHeartMedia belongs, is currently ranked in the top 34% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]