Revenue for the quarter rose 21.4% to $328.2 million, below analyst expectations of $331.18 million.
TheStreet Ratings team rates CUMULUS MEDIA INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate CUMULUS MEDIA INC (CMLS) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and generally higher debt management risk."
- You can view the full analysis from the report here: CMLS Ratings Report
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