When it comes to quarterly earnings releases, there are two vitally important statistics investors generally consider first and foremost, ahead of the highlights typically shared by a C-Suite executive on a call to review the results with analysts.
One is the revenue. The other is Earnings Per Share. For Townsquare Media, Q4 2022 quarterly revenue surpassed analysts’ forecasts. In fact, Townsquare points out, “record results” were seen, thanks largely to the company’s transformation into a “Digital First Local Media Company.”
Townsquare’s EPS even beat the Zacks Consensus Estimate, giving investors a reason to cheer. But, perhaps the bigger news is the resumption of a quarterly dividend for stockholders.
The good Q4 report, combined with the big dividend announcement, sent TSQ soaring on a day iHeartMedia and Audacy each saw concerning drops on Wall Street for their respective shares.
