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Saga Communications (SGA)
:SGA
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.12Last Year’s EPS
0.37Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 02, 2018
|% Change Since: -15.23%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a company navigating through economic challenges with strategic shifts towards digital growth and community engagement. While there are positive aspects such as blended advertising success and increased political revenue, the call also highlights significant challenges including decreased net revenue and increased operating expenses.Company Guidance
During the Saga Communications Q3 2024 earnings call, executives Christopher Forgy and Samuel D. Bush outlined several key metrics and strategic initiatives amidst a turbulent economic climate. Net revenue for the quarter decreased by 3.5% to $28.1 million, with political revenue rising to $677,000 from $234,000 compared to the previous year. Station operating expenses increased by 3.1% to $23.5 million, while station operating income was $6 million, and net income was $1.3 million, translating to $0.20 per share. The company has strategically invested in expanding its digital footprint, recording a 33% increase in e-commerce revenue for the quarter. However, the digital advertising growth rate was intentionally slowed due to a strategic termination of an unprofitable digital services partnership. Additionally, Saga's blend of radio and digital strategies resulted in significant increases in both radio-only and combined radio-digital ad spends. Despite these challenges, Saga continues to invest in staff and product offerings, with anticipated capital expenditures ranging from $4 million to $4.6 million for the year. The balance sheet shows a cash position of $28.7 million and a $5 million draw on a $50 million credit facility.Blended Advertising Success
The company's blended advertising strategy has led to significant increases in radio and digital ad spending, saving businesses that were considering canceling their radio ads.
Growth in E-commerce and Interactive
E-commerce revenue increased 33% in Q3 and 89% for the 9-month period, while Interactive revenue was up 4.5% in Q3 and 21.4% for the 9-month period.
Political Revenue Increase
Gross political revenue for Q3 was $677,000 compared to $234,000 in the same period last year.
Community Support in Crisis
Saga's radio stations played a crucial role in providing critical information during Hurricane Helene, demonstrating the power and importance of radio in crises.
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SGA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SGA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $13.72 | $13.64 | -0.58% |
| Aug 08, 2024 | $14.95 | $15.43 | +3.21% |
| May 09, 2024 | $21.73 | $20.44 | -5.94% |
| Mar 07, 2024 | $22.27 | $22.51 | +1.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Saga Communications (SGA) report earnings?
Saga Communications (SGA) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Saga Communications (SGA) earnings time?
Saga Communications (SGA) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SGA EPS forecast?
SGA EPS forecast for the fiscal quarter 2024 (Q4) is -0.12.
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