Townsquare (TSQ) To Report Q4 Earnings: What's In The Cards?
Zacks Investment Research | Mar 07, 2019 09:54PM ET
Townsquare Media (NYSE:TSQ) is set to release fourth-quarter 2018 results on Mar 12.
In the last reported quarter, Townsquare’s adjusted earnings of 36 cents per share beat the Zacks Consensus Estimate by a penny. The figure jumped 38.5% year over year.
Revenues of $114 million climbed almost 2% on a year-over-year basis and beat the consensus mark of $112 million.
For the fourth quarter, Townsquare expects revenues between $102 million and $105 million, representing growth of 2-5%. Adjusted EBITDA is expected between $23 million and $24 million.
While the Zacks Consensus Estimate for fourth-quarter earnings stands at 26 cents, the consensus mark for revenues is $105 million.
Let’s see how things are shaping up for this announcement.
Factors to Watch
Townsquare is expected to benefit from higher political revenues in the to-be-reported quarter. Management anticipates $5.5-$5.6 million of political revenues.
Townsquare is also expected to gain from the success of its “Local First” initiative that focuses on improving execution in its 67 small and medium-sized markets. The company’s investments in building content and expanding sales force are major growth drivers. Moreover, accretive acquisitions in local markets have expanded its small and medium-sized footprint.
Townsquare Media, Inc. Price
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