SALM

Salem Media (SALM): Q3 GAAP EPS of $0.01 beats by $0.04.Revenue of $60.64M (-5.4% Y/Y) beats by $3.54M.Press Release

Salem Media Group (NASDAQ:SALM) reported quarterly losses of $(0.75) per share which missed the analyst consensus estimate of $(0.01) by 7400 percent. This is a 2400 percent decrease over losses of $(0.03) per share from

NEW YORK, NY / ACCESSWIRE / November 12, 2020 / Salem Media Group, Inc. (NASDAQ:SALM) will be discussing their earnings results in their 2020 Third Quarter Earnings call to be held on November 12, 2020 at 5:00 PM Eastern Time.

NEW YORK, NY / ACCESSWIRE / November 12, 2020 / Salem Media Group, Inc.

Salem Media Group, Inc. (Nasdaq: SALM) released its results for the three and nine months ended September 30, 2020.

Salem Media Group (NASDAQ: SALM) will be releasing its next round of earnings this Thursday, November 12. For all of the relevant information, here is your guide for Thursday's Q3 earnings announcement.What Are Earnings, Net Income, And Earnings Per Share? Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.Earnings And Revenue Analysts are predicting Salem Media Group will report a loss of $0.01 per share on revenue of $59.66 million. Salem Media Group reported a loss of $0.03 when it published results during the same quarter last year. Sales in that period totaled $64.12 million.Why Analyst Estimates And Earnings Surprises Are Important Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.View more earnings on SALMThe analyst consensus estimate would represent a 66.67% increase in the company's EPS figure. Revenue would be down 6.95% on a year-over-year basis. Salem Media Group's reported EPS has stacked up against analyst estimates in the past like this:Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019 EPS Estimate -0.18 -0.02 0 -0.01 EPS Actual -0.09 -1.58 -0.08 -0.03 Revenue Estimate 51.16 M 59.86 M 63.61 M 62.27 M Revenue Actual 52.87 M 58.25 M 64.63 M 64.12 M Stock Performance Shares of Salem Media Group were trading at $0.95 as of November 10. Over the last 52-week period, shares are down 38.0%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.Do not be surprised to see the stock move on comments made during its conference call. Salem Media Group is scheduled to hold the call at 17:00:00 ET and can be accessed here.See more from Benzinga * Click here for options trades from Benzinga * Hollysys Automation's Earnings: A Preview * Preview: Fortuna Silver Mines's Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Salem Media Group, Inc. (NASDAQ: SALM) announced today that it plans to report its third quarter 2020 financial results after the market closes on November 12, 2020.

Salem Communications (SALM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.