BBGI Earnings Prediction
The chart below shows how BBGI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BBGI sees a +3.87% change in stock price 10 days leading up to the earnings, and a -0.74% change 10 days following the report. On the earnings day itself, the stock moves by -1.38%. This data can give you a slight idea of what to expect for the next quarter's release.
BBGI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
58.19M
-3.21%
-3.72%
Gross Margin
11.09%
-14.56%
-27.56%
Operating Margin
3.71%
-32.55%
-58.27%
Net Margin
-6.12%
-94.55%
1230.43%
EPS
-2.33
-3.56%
1194.44%
No Data Available
BBGI Earnings Analysis
Beasley Broadcasting Group Inc Corporation (BBGI.O) Earnings Conference Call
Positive
Debt Reduction Success: 1. Debt Reduction Achievement: Successfully completed an exchange offer and tender offer, resulting in an immediate debt reduction of $47 million and extending maturities to August 2028.
Political Revenue Increase: 2. Political Revenue Growth: Generated $2.7 million in net political revenue for Q3, bringing year-to-date net political revenue to $3.7 million, a 23% increase from $3 million in the same period in 2020.
Digital Revenue Growth: 3. Digital Revenue Increase: Digital revenue accounted for 19.4% of total revenue in Q3, up from 18.6% in Q3 2023, with same-station digital revenue growing 11.7% for the quarter and 13.6% year-to-date.
Operating Income Surge: 4. Operating Income Improvement: Q3 operating income increased 101.4% year-over-year, from a negative $85.5 million to a positive $1.2 million, reflecting significant operational efficiency gains.
Effective Cost Reduction: 5. Cost Management Success: Corporate G&A expenses decreased 4.4% year-over-year to $4.3 million, with a notable 15.5% reduction when excluding nonrecurring severance costs, demonstrating effective cost management strategies.
Negative
Revenue Decline Analysis: 1. Decline in Total Net Revenue: Total net revenue for Q3 was $58.2 million, down 4.6% year-over-year, reflecting challenges in the advertising environment and the impact of divestitures.
Same-Station Revenue Decline: 2. Same-Station Revenue Decrease: On a same-station basis, total net revenue declined 3.2% compared to the previous year, with local over-the-air revenue down 8.9%, indicating significant struggles in local advertising.
Operating Income Decrease: 3. Operating Income Decline: Station operating income (SOI) decreased by $1.8 million year-over-year to $8.2 million, highlighting ongoing operational challenges despite some cost management efforts.
Operating Expenses Rise: 4. Increased Operating Expenses: Excluding one-time severance costs, operating expenses increased by $1.8 million on a same-station basis, contributing to a $1.5 million reduction in same-station SOI.
Cash Position Decline: 5. Cash Position Reduction: Cash on hand decreased to $27.8 million from $33.3 million at the end of Q2 2024, indicating a weakening liquidity position amidst ongoing operational challenges.
BBGI FAQs
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BBGI Earning Call Sentiment
Beasley Broadcast Group, Inc (BBGI) Q3 2024 Earnings Call Transcript
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00:00
00:00
BBGI.O
1.4%Positive
The earnings call summary presents a mixed picture. While there are positive elements, such as debt reduction, cost savings, and some digital revenue growth, the overall sentiment is negative due to declining total net revenue, advertising challenges, and operational disruptions. The Q&A section highlights uncertainties in national advertising, adding to the negative outlook. Despite optimistic guidance in some areas, the financial performance and market conditions suggest a negative impact on the stock price, likely falling in the -2% to -8% range over the next two weeks.
