The publicly traded radio station ownership group with properties in markets such as Philadelphia, Boston, Tampa-St. Petersburg and Detroit has decided to release its third quarter earnings report prior to the Opening Bell on Wall Street this Tuesday — Election Day in the U.S.
Beasley Media Group late Friday confirmed that the company’s Q3 results will be distributed ahead of the November 5 market open.
Then, at 11:30am Eastern, company executives including CEO Caroline Beasley and soon-to-be-retired CFO Marie Tedesco will discuss the results and answer pre-submitted questions from analysts and investors.
Any queries from these interested parties, and debt holders, may be e-mailed to [email protected] at any time up until 9am Eastern on Tuesday.
Beasley shares are presently at $12.54 per share, the result of a 1-for-20 split implemented in late September in order to regain compliance with the Nasdaq markets. Factoring in the reverse stock split valuation, BBGI is down 28.8% year-to-date based on Friday’s closing price.
What can investors anticipate from Beasley on Tuesday morning?
Visibility is low, with no analysts reporting to Yahoo! Finance with an earnings per share estimate. One analyst offered an earnings estimate, and that comes in at $61.1 million.
Editor’s Note: The surname of Beasley Media Group’s Chief Financial Officer was incorrect in the original version of this story. We regret the error.
