Strike up MacNamara’s Band but you may want to hold on that Half and Half or Irish Coffee until digesting the numbers.
Townsquare Media will be releasing its Q4 and full-year 2024 financial results bright and early on St. Patrick’s Day.
The “local first” digital media sales and radio broadcasting company led by CEO Bill Wilson is returning to its favored 8am Eastern time slot for its quarterly earnings call. And, Townsquare executives along with Wilson including CFO Stu Rosenstein will be offering details to analysts and investors on just how Townsquare fared in the final three months of 2024.
With industry chatter about a small reduction-in-force effort at the NYSE-traded company surfacing in recent days, what can shareholders anticipate?
First, Wilson could discuss the company’s share price of late, expressing that Wall Street is not properly valuing Townsquare’s digital and programmatic business as it navigates continued uncertainty in the core advertising arena for its radio stations in markets ranging from Norwich, N.Y., to Buffalo and Albany-Schenectady-Troy, as well as El Paso and Trenton, N.J., where WKXW “New Jersey 101.5” is the company’s No. 1-billing property.
As of 12:15pm Eastern, “TSQ” was trading at just below $9 a share — representing a nearly 20% decline from this date in 2024.
That said, Townsquare Media beat analysts forecasts in Q3 2024 and aims to do the same in Q4. Two analysts chimed in on their revenue estimates, establishing a range of $115 million-$117.83 million for the final three months of 2024 for Townsquare. One analyst also offered an EPS estimate: $0.58. That would be an improvement from $0.34 in the fourth quarter of 2023.
Alas, like many broadcast radio and TV station owners, Townsquare’s 2025 could be stronger than its peers. While flat revenue is anticipated for the full year, EPS is forecast by 1 analyst polled by Yahoo! Finance to rise to $1.15 from $1.07. That earnings per share prediction is a rarity, with other companies projected to see EPS declines for 2025, compared to 2024.
This suggests Townsquare Media’s ad-dollar savvy isn’t reliant on political advertising. And with much growth ahead for its digital and programmatic business, investors may be keen on snapping up “TSQ” at its lowest point since October 2023.
