Cumulus MediaNASDAQ: CMLS

Cumulus Media (CMLS) reported a quarterly loss of $0.85 per share, beating the Zacks Consensus Estimate of a loss of $1.33. This is an improvement from the loss of $1.17 per share reported in the same quarter last year.

Cumulus (CMLS) lacks the necessary elements for a potential earnings beat in its upcoming report. Be ready for the key projections.

Cumulus Media is simultaneously enacting a poison pill defense against a potential hostile takeover and embarking on a debt restructuring. The proposed debt restructuring aims to reduce total debt and extend its maturity to 2029. CMLS implemented short-term Shareholder Rights amidst a surge in stock accumulation by Renew Group Private Ltd., a Singapore-based company owned by Manoj Bhargava.

Cumulus Media (CMLS) came out with a quarterly loss of $2.60 per share versus the Zacks Consensus Estimate of a loss of $0.59. This compares to earnings of $0.54 per share a year ago.

ATLANTA, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Cumulus Media Inc. (NASDAQ: CMLS) will host a conference call on Tuesday, February 27th at 8:30 AM ET to discuss its fourth quarter and full year 2023 operating results. A press release containing a summary of these results will be issued before the call at approximately 8:00 AM ET.

Cumulus Media Inc. (NASDAQ:CMLS ) Q3 2023 Earnings Conference Call October 27, 2023 8:30 AM ET Company Participants Collin Jones - EVP, Strategy & Development Mary Berner - President & Chief Executive Officer Frank Lopez-Balboa - Chief Financial Officer Conference Call Participants Michael Kupinski - Noble Capital Markets James Goss - Barrington Research Dan Day - B. Riley Securities Operator Good morning.

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Cumulus (CMLS) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Shares in Arena Group Holdings, owner of Sports Illustrated, were up 12% premarket after revealing it has sold a majority stake sale to billionaire Manoj Bhargava's Simplify Inventions. The deal entails Simplify acquiring a 65% stake in Arena, injecting $50 million cash, and pledging a $60 million ad commitment over five years.

Cumulus Media Inc. (NASDAQ:CMLS ) Q2 2023 Earnings Conference Call July 28, 2023 8:30 AM ET Company Participants Collin Jones - EVP, Strategy and Development Mary Berner - President and CEO Frank Lopez-Balboa - CFO Conference Call Participants Dan Day - B. Riley Securities Avi Steiner - JPMorgan Michael Kupinski - NOBLE Capital Markets Jim Goss - Barrington Research Operator Good morning, ladies and gentlemen.