On Tuesday, November 8, many will be glued to their television sets as election returns come in for a host of big races, including that for Florida’s governor and a key U.S. Senate seat presently held by Marco Rubio.
While those results may not come until well after 8am Eastern the following day, one set of results are certain to arrive — those for Townsquare Media‘s third quarter of 2022.
The local digital media and radio broadcasting company will release its Q3 results at sunrise, and C-Suite leaders including CEO Bill Wilson will host a conference call at 8am — now a hallmark for Townsquare Media’s quarterly earnings review.
Townsquare Media’s Q3 report comes as its stock price, like other media companies, has taken a beating over the last six months. On April 4, TSQ was priced at $12.50; a mid-August rally to $10.21 fizzled, with shares falling below where they had dropped to in July. As of 11:30am Eastern on Monday, TSQ was priced at $7.45, up 19 cents from Friday.
Still, TSQ has not been so low since the final weeks of 2020.
What’s the earnings per share estimate for Townsquare Media in Q3? Three analysts polled by Yahoo! Finance chimed in, and their low estimate is $0.54 while the high estimate is $0.59. The consensus EPS of $0.57 is down by 2 cents from 90 days ago.
Townsquare Media’s Q3 2021 EPS was $0.54.
The consensus estimate among the three analysts on Townsquare’s Q2 2022 revenue is $122.32 million.
