Market Overview

Earnings Preview for Beasley Broadcast Group


On Tuesday, November 03, Beasley Broadcast Group (NASDAQ: BBGI) will release its latest earnings report. Decipher the announcement with Benzinga's help.

Net Income, Earnings, And Earnings Per Share

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Based on Beasley Broadcast Group management projections, analysts predict EPS of $0.27 on revenue of $43.00 million. Beasley Broadcast Group earnings in the same period a year ago was $0.11 per share. Quarterly sales came in at $66.11 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

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.

The analyst consensus estimate would represent a 345.45% decrease in the company's earnings. Revenue would be down 34.96% from the year-ago period. Here is how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate -0.20 -0.02 0.13 0.12
EPS Actual -0.53 -0.07 0.09 0.11
Revenue Estimate 43.00 M 59.00 M 71.12 M 66.16 M
Revenue Actual 30.38 M 57.65 M 72.09 M 66.11 M

Stock Performance

Shares of Beasley Broadcast Group were trading at $1.21 as of October 29. Over the last 52-week period, shares are down 58.22%. Given that these returns are generally negative, long-term shareholders are probably unhappy going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Beasley Broadcast Group is scheduled to hold the call at 11:00:00 ET and can be accessed here.


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Posted-In: Earnings