Simply Wall St.: ‘Analysts Have Soured Majorly’ On Cumulus


A respected financial blog that’s home to analysts with an eye on broadcast media companies has socked it to Cumulus Media, following the recent release of Q1 2020 earnings that left many observers with a sour taste in their mouths.

“One thing we could say about the analysts on Cumulus Media — they aren’t optimistic, having just made a major negative revision to their near-term (statutory) forecasts,” says Simply Wall St. “Both revenue and earnings per share forecasts went under the knife, suggesting analysts have soured majorly on the business.”

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