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Stock impact report

Entercom Communications Corp. Just Reported And Analysts Have Been Lifting Their Price Targets [Yahoo! Finance News]

ENTERCOM COMMUNICATIONS (ETM) 
Last entercom communications earnings: 2/25 08:00 am Check Earnings Report
US:NYSE Investor Relations: entercom.com/investors
Entercom Communications Corp. Just Reported And Analysts Have Been Lifting Their Price Targets The investors in Entercom Communications Corp. NYSE:ETM Check out our latest analysis for Entercom Communications Following the latest results, Entercom Communications's four analysts are now forecasting revenues of US$1.56b in 2020. This would be a modest 4.8% improvement in sales compared to the last 12 months. Entercom Communications is also expected to turn profitable, with earnings of US$1.08 per share. Yet prior to the latest earnings, analysts had been forecasting revenues of US$1.52b and earnings per share EPS) of US$1.07 in 2020. There doesn't appear to have been a major change in analyst sentiment following the results, other than the modest lift to revenue estimates. Analysts increased their price target 8.4% to US$6.44, perhaps signalling that higher revenues are a strong leading indicator for Entercom Communications's valuation. It could also be instructive to look at the range Show less Read more
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