Beasley Broadcast Group 2019 First Quarter Net Revenue Rises 4.6% to $57.7 Million
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Beasley Broadcast Group (BBGI) PT Lowered to $6 at Guggenheim
April 30, 2019 7:11 AM EDTGuggenheim analyst Curry Baker lowered the price target on Beasley Broadcast Group (NASDAQ: BBGI) to $6.00 (from $6.50) while maintaining a Buy rating following the company's 1Q earnings report. BBGI reported revenue of $57.7mm ahead of $56.8mm forecasts, reflecting the acquisition of WXTU in... More
Beasley Broadcasting Group (BBGI) Tops Q1 EPS by 8c, Revenues Beat
April 29, 2019 7:07 AM EDTBeasley Broadcasting Group (NASDAQ: BBGI) reported Q1 EPS of $0.05, $0.08 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $57.7 million versus the consensus estimate of $57 million.
Commenting on the financial results, Caroline Beasley, Chief Executive Officer, said, The ongoing execution of our strategies to expand our scale, diversify our revenue mix and leverage the value of our premium local brands and content continued to serve Beasley well in the first quarter of 2019. The strength of our station clusters in three of our top five largest revenue markets as well as... More
