The first 10 days of November will be full of third quarter earnings reports, and the nation’s No. 1 audio media company will be sharing its results for the three months ending Sept. 30, 2020 after the Closing Bell on Nov. 9.
At that time, Bob Pittman and Rich Bressler will convene iHeartMedia‘s Q3 call, scheduled for 4:30pm Eastern, and review what could be a turnaround quarter for the company.
The short term view of Wall Street is positive for iHeart, while the longterm view is for flat to slow growth — better than a forecast for a downtrend.
For investors, a good quarter could bring some added vigor to a resilient stock in COVID-19 times.
As of 3:19pm Eastern, iHeart shares were at $7.83, the low end of a range that was established in early July for the stock, which trades on the Nasdaq Global Select exchange.
The good news — it’s far ahead of the $5.71 closing price seen on April 1.
