Hemisphere Media Group, Inc. (NASDAQ:HMTV) owner of television broadcasting networks, is expected to report second quarter earnings results, before market open, on Monday 10th August 2020.
Analysts polled by Thomson Reuters anticipate second quarter loss of $ 0.12 per share.
Looking ahead, the full year loss are expected at $ 0.42 per share on the revenues of $ 135.50 million.
Previous Quarter Performance
Hemisphere Media Group, Inc. recorded loss for the first quarter of $ 0.10 per share, from the revenue of $ 32.41 million. The quarterly revenues declined 7.69 percent compared with the same quarter last year. According to street consensus, HMTV was expected to report 1Q20 loss of $ 0.04 per share from revenue of $ 35.70 million. The bottom line results missed street analysts by $ 0.06 or 150 percent, at the same time, top line results fell short of analysts by $ 3.29 million or 9.22 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of HMTV was $ 8.75, representing a 9.38 % increase from the 52 week low of $ 8.00 and a 42.96 % decrease over the 52 week high of $ 15.34.
The company has a market capital of $ 348.65 million and is part of the Communication Services sector and Pay TV industry.
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Conference Call
Hemisphere Media Group, Inc. will be hosting a conference call at 10:00 AM eastern time on 10th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.hemispheretv.com
Hemisphere Media Group Inc., the Spanish-language media company, operates broadcast and cable television networks, and digital content platforms. It operates Cinelatino, a cable movie network with approximately 21 million subscribers in the United States, Latin America, and Canada; WAPA, a broadcast television network and television content producer; and WAPA.TV, a news and entertainment Website, as well as distributes WAPA2 Deportes, a sports television network in Puerto Rico. The company also operates WAPA America, a cable television network that serves approximately 4.4 million subscribers in the United States; and Pasiones, a cable television network that offers telenovelas and serialized dramas to approximately 4.4 million subscribers in the United States and approximately 16.0 million subscribers in Latin America.
