Iheartmedia Inc (NYSE:IHRT) Expected to Post Quarterly Sales of $1.00 Billion

Brokerages expect Iheartmedia Inc (NYSE:IHRT) to announce sales of $1.00 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Iheartmedia’s earnings, with the lowest sales estimate coming in at $988.13 million and the highest estimate coming in at $1.01 billion. The company is expected to issue its next quarterly earnings report on Thursday, February 6th.

According to Zacks, analysts expect that Iheartmedia will report full-year sales of $3.65 billion for the current fiscal year, with estimates ranging from $3.64 billion to $3.67 billion. For the next fiscal year, analysts forecast that the firm will report sales of $3.82 billion, with estimates ranging from $3.78 billion to $3.89 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Iheartmedia.

A number of brokerages recently issued reports on IHRT. Barrington Research reissued an “outperform” rating and set a $18.00 price objective on shares of Iheartmedia in a research report on Monday, November 4th. B. Riley reissued a “neutral” rating on shares of Iheartmedia in a research report on Wednesday, September 18th.

Shares of IHRT traded down $0.17 during midday trading on Wednesday, reaching $15.60. The company had a trading volume of 271,900 shares, compared to its average volume of 258,842. Iheartmedia has a 1-year low of $12.73 and a 1-year high of $19.00. The business has a 50 day simple moving average of $14.85.

Iheartmedia Company Profile

There is no company description available for iHeartMedia Inc

Further Reading: Depreciation

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