Saga Communications (NASDAQ:SGA) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$28.1m (down 3.5% from 3Q 2023).
• Net income: US$1.27m (down 53% from 3Q 2023).
• Profit margin: 4.5% (down from 9.2% in 3Q 2023). The decrease in margin was primarily driven by lower revenue.
• EPS: US$0.21 (down from US$0.45 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Saga Communications EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 54%.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 3.8% growth forecast for the Media industry in the US.

The company's shares are down 1.5% from a week ago.

Risk Analysis

Don't forget that there may still be risks.

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