Saga Communications will release its second quarter results at 9am Eastern on Wednesday, August 5.
The company, led by CFO Sam Bush and CEO Ed Christian, will conduct a conference call for investors and analysts at 11am that day.
What can investors expect to hear? It’s not certain, as the radio broadcasting company struggles on Wall Street with its stock.
With Wednesday’s Closing Bell, SGA is trading at $23.90. While that is up 28 cents from Tuesday, the price is at the low end of a bell curve that saw Saga reach $29.80 on April 6, only to dip into the mid-$23 range in early July. It’s been there since.
That said, one year ago Saga was at $29.69. As such, the company’s stock has its zone, and with Daniel Tisch a key investor in the lightly traded stock, any wild fluctuation following Wednesday’s Q2 report is unlikely.
The question is whether or not SGA can propel out of its current zone, or if it will hit a new recent low.