Hemisphere Media Group, Inc. (NASDAQ:HMTV) owner of television broadcasting networks, is reporting third quarter earnings results on Monday 9th November 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 0.04 per share.
For the full year, analysts predict revenues of $ 141.00 million, while looking forward to loss of $ 0.46 per share.
Previous Quarter Performance
Hemisphere Media Group, Inc. came out with loss for the second quarter of $ 0.17 per share, from the revenue of $ 34.73 million. The quarterly revenues contracted 13.18 percent compared with the same quarter last year. Wall street analysts are predicting, HMTV to report 2Q20 loss of $ 0.12 per share from revenue of $ 32.15 million. The bottom line results missed street analysts by $ 0.05 or 41.67 percent, at the same time, top line results outshined analysts by $ 2.58 million or 8.02 percent.
Stock Performance
On Friday, shares of Hemisphere Media Group, Inc. has traded high as $ 10.06 and has cracked $ 9.41 on the downward trend, reaching $ 9.43 with volume of 40.20 thousand shares.
According to the previous trading day, closing price of $ 9.43, representing a 28.80 % increase from the 52 week low of $ 7.64 and a 35.85 % decrease over the 52 week high of $ 15.34.
The company has a market capital of $ 376.84 million and is part of the Communication Services sector and Pay TV industry.
Conference Call
Hemisphere Media Group, Inc. will be hosting a conference call at 10:00 AM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.hemispheretv.com
Hemisphere Media Group Inc., the Spanish-language media company, operates broadcast and cable television networks, and digital content platforms. It operates Cinelatino, a cable movie network with approximately 21 million subscribers in the United States, Latin America, and Canada; WAPA, a broadcast television network and television content producer; and WAPA.TV, a news and entertainment Website, as well as distributes WAPA2 Deportes, a sports television network in Puerto Rico. The company also operates WAPA America, a cable television network that serves approximately 4.4 million subscribers in the United States; and Pasiones, a cable television network that offers telenovelas and serialized dramas to approximately 4.4 million subscribers in the United States and approximately 16.0 million subscribers in Latin America.
