Entercom on deck for earnings


The consensus of Wall Street analysts is that revenues will be down 13% to $101 million when Entercom reports its Q3 results after the market closes Monday. No doubt analysts will be wanting to ask CEO David Field about his recent comments that 2010 could bring double digit growth.

According to Thompson/First Call, analysts are expecting earnings per share to be 32 cents. That is up significantly from the 12 cents EPS reported a year ago. However, Q3 2008 included a one-time charge. Excluding that charge, EPS would have been 39 cents, so the expectation for this year is actually a decline of seven cents on an apples-to-apples basis.

It was also with its Q3 results announcement a year ago that Entercom suspended cash dividend payments. It is unlikely any move will be made soon to resume them.