Sneak Preview of Townsquare Media, Inc. ($TSQ) 2Q20 Earnings

Townsquare Media, Inc. (NYSE:TSQ) is reporting second quarter financial results on Tuesday 4th August 2020, before market open.

According to analysts surveyed by Thomson Reuters, TSQ is expected to report 2Q20 loss of $ 0.36 per share from revenue of $ 72.27 million.

For the full year, analysts anticipate top line of $ 353.06 million, while looking forward to loss of $ 0.14 per share bottom line.

Previous Quarter Performance

Townsquare Media, Inc. announced for the first quarter of per share, from the revenue of $ 113.09 million. The quarterly earnings grew 21.14 percent compared with the same quarter last year. Street analysts expected $ 112.08 million. The bottom line results street analysts by $ 0.74 or , at the same time, top line results outshined analysts by $ 1.01 million or 0.90 percent.

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Stock Performance

According to the previous trading day, closing price of TSQ was $ 4.45, representing a 25.71 % increase from the 52 week low of $ 3.54 and a 56.96 % decrease over the 52 week high of $ 10.34.

The company has a market capital of $ 84.45 million and is part of the Consumer Cyclical sector and Broadcasting – Radio industry.

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Townsquare Media, Inc. operates as a radio, digital media, entertainment, and digital marketing solutions company in small and mid-sized markets. The company provides advertising and marketing solutions to advertisers and businesses through its radio stations, Websites, radio stations online streams, and mobile applications.

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