Back to top

Image: Bigstock

Townsquare (TSQ) to Report Q4 Earnings: What's in the Cards?

Read MoreHide Full Article

Townsquare Media (TSQ - Free Report) is set to release fourth-quarter 2018 results on Mar 12.

In the last reported quarter, Townsquare’s adjusted earnings of 36 cents per share beat the Zacks Consensus Estimate by a penny. The figure jumped 38.5% year over year.

Revenues of $114 million climbed almost 2% on a year-over-year basis and beat the consensus mark of $112 million.

For the fourth quarter, Townsquare expects revenues between $102 million and $105 million, representing growth of 2-5%. Adjusted EBITDA is expected between $23 million and $24 million.

While the Zacks Consensus Estimate for fourth-quarter earnings stands at 26 cents, the consensus mark for revenues is $105 million.

Let’s see how things are shaping up for this announcement.

Factors to Watch

Townsquare is expected to benefit from higher political revenues in the to-be-reported quarter. Management anticipates $5.5-$5.6 million of political revenues.

Townsquare is also expected to gain from the success of its “Local First” initiative that focuses on improving execution in its 67 small and medium-sized markets. The company’s investments in building content and expanding sales force are major growth drivers. Moreover, accretive acquisitions in local markets have expanded its small and medium-sized footprint.
 

 

Moreover, anticipated robust performance from Townsquare Interactive (TSI) and Townsquare Ignite are key catalysts. These factors are expected to drive top-line growth.

Further, declining net leverage improves liquidity.

What Our Model Says

According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) along with a positive Earnings ESP has a good chance of beating estimates. The Sell-rated stocks (Zacks Rank #4 or 5) are best avoided.

Townsquare has a Zacks Rank #3 and an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter.

Stocks With Favorable Combination

Here are a few stocks you may want to consider as our model shows that these have the right combination of elements to post an earnings beat.

Catabasis Pharmaceuticals has an Earnings ESP of +7.53% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Azul SA (AZUL - Free Report) has an Earnings ESP of +8.33% and a Zacks Rank #1.

Conagra Brands (CAG - Free Report) has an Earnings ESP of +2.04% and a Zacks Rank #3.

 

Today's Best Stocks from Zacks

Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.

This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.

See their latest picks free >>


Unique Zacks Analysis of Your Chosen Ticker


Pick one free report - opportunity may be withdrawn at any time


Conagra Brands (CAG) - $25 value - yours FREE >>

Townsquare Media, Inc. (TSQ) - $25 value - yours FREE >>

AZUL (AZUL) - $25 value - yours FREE >>

Published in