Townsquare Media, Inc. (NYSE:TSQ) is reporting third quarter financial results on Monday 9th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, TSQ is expected to report 3Q20 loss of $ 0.08 per share from revenue of $ 91.74 million.
For the full year, analysts anticipate top line of $ 361.12 million, while looking forward to loss of $ 0.2 per share bottom line.
Previous Quarter Performance
Townsquare Media, Inc. outlined loss for the second quarter of $ 0.40 per share, from the revenue of $ 74.06 million. The quarterly revenues dropped 33.00 percent compared with the same quarter last year. Wall street analysts are predicting, TSQ to report 2Q20 loss of $ 0.36 per share from revenue of $ 72.27 million. The bottom line results missed street analysts by $ 0.04 or 11.11 percent, at the same time, top line results outshined analysts by $ 1.79 million or 2.48 percent.
Stock Performance
On Friday, shares of Townsquare Media, Inc. has traded high as $ 5.04 and has cracked $ 4.79 on the downward trend, reaching $ 4.96 with volume of 10.70 thousand shares.
According to the previous trading day, closing price of $ 4.96, representing a 30.79 % increase from the 52 week low of $ 3.54 and a 55.22 % decrease over the 52 week high of $ 10.34.
The company has a market capital of $ 94.13 million and is part of the Consumer Cyclical sector and Broadcasting – Radio industry.
Conference Call
Townsquare Media, Inc. will be hosting a conference call at 8:00 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.townsquaremedia.com
Townsquare Media, Inc. operates as a radio, digital media, entertainment, and digital marketing solutions company in small and mid-sized markets. The company provides advertising and marketing solutions to advertisers and businesses through its radio stations, Websites, radio stations online streams, and mobile applications.
