The first Thursday of November is shaping up to be a morning with back-to-back quarterly earnings calls, with TEGNA, Nexstar Media Group and Saga Communications already on the calendar. Now, the nation’s largest audio content creator and distributor has decided to release its Q3 earnings that day, too — and get out in front of the other media companies with an early AM conference call.
This will see iHeartMedia CEO Bob Pittman and COO/CFO Rich Bressler share the results and likely take analyst questions during a conference call that begins at 8:30am Eastern, one half-hour ahead of TEGNA’s previously announced Q3 call.
What can analysts and investors expect from iHeartMedia, the leading podcaster in addition to owning more than 800 radio stations housing some of the most recognizable air personalities in North America?
Four analysts chimed in to Yahoo! Finance with their earnings per share estimates, and the consensus estimate comes in at $0.02 — a swing from -$0.06 one year ago.
Five analysts offered predictions on iHeartMedia revenue for Q3, and it is believed to come in between $995.35 million and $1.01 billion.