Townsquare Media (TSQ) got here out with quarterly earnings of $0.60 per share, consistent with the Zacks Consensus Estimate. This compares to earnings of $0.34 per share a yr in the past. These figures are adjusted for non-recurring gadgets.
1 / 4 in the past, it was anticipated that this operator of radio stations in small and mid-sized markets would put up earnings of $0.35 per share when it truly produced earnings of $0.35, delivering no shock.
During the last 4 quarters, the corporate has not been capable of surpass consensus EPS estimates.
Townsquare
The sustainability of the inventory’s fast value motion based mostly on the recently-released numbers and future earnings expectations will principally depend upon administration’s commentary on the earnings name.
Townsquare shares have misplaced about 14.3% for the reason that starting of the yr versus the S&P 500’s decline of -4.1%.
What’s Subsequent for Townsquare?
Whereas Townsquare has underperformed the market up to now this yr, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There are not any simple solutions to this key query, however one dependable measure that may assist buyers deal with that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified these days.
Empirical analysis exhibits a robust correlation between near-term inventory actions and developments in earnings estimate revisions. Traders can monitor such revisions by themselves or depend on a tried-and-tested score software just like the Zacks Rank, which has a formidable monitor document of harnessing the ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions development for Townsquare: unfavorable. Whereas the magnitude and course of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #4 (Promote) for the inventory. So, the shares are anticipated to underperform the market within the close to future. You possibly can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It is going to be attention-grabbing to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $0.11 on $103.48 million in revenues for the approaching quarter and $1.12 on $450.65 million in revenues for the present fiscal yr.
Traders must be aware of the truth that the outlook for the business can have a fabric impression on the efficiency of the inventory as nicely. By way of the Zacks Trade Rank, Broadcast Radio and Tv is at present within the high 27% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
Oxford Industries (OXM), one other inventory within the broader Zacks Client Discretionary sector, has but to report outcomes for the quarter ended January 2025. The outcomes are anticipated to be launched on March 27.
This proprietor of the Tommy Bahama, Lilly Pulitzer and Southern Tide clothes strains is anticipated to put up quarterly earnings of $1.28 per share in its upcoming report, which represents a year-over-year change of -32.6%. The consensus EPS estimate for the quarter has remained unchanged over the past 30 days.
Oxford Industries’ revenues are anticipated to be $385.7 million, down 4.6% from the year-ago quarter.
Ought to You Spend money on Townsquare Media, Inc. (TSQ)?
Earlier than you spend money on Townsquare Media, Inc. (TSQ), need to know the perfect shares to purchase for the following 30 days? Try Zacks Funding Analysis for our free report on the 7 best stocks to purchase.
Zacks Funding Analysis has been dedicated to offering buyers with instruments and unbiased analysis since 1978. For greater than 1 / 4 century, the Zacks Rank stock-rating system has greater than doubled the S&P 500 with a median acquire of +24.08% per yr. (These returns cowl a interval from January 1, 1988 via Could 6, 2024.)
Townsquare Media, Inc. (TSQ) : Free Stock Analysis Report
Oxford Industries, Inc. (OXM) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
