Wall Street expects a year-over-year decline in earnings on lower revenues when Cumulus Media reports its results for the quarter ended September 30.
But, is there a surprise in the works for the broadcaster paring down assets in the nation’s biggest markets to increase profits and further lower its leverage?
“While this widely known consensus outlook is important in gauging the company’s earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates,” Zacks notes in a Monday assessment of CMLS.
