Saga Communications Inc reports results for the quarter ended June 30 - Earnings Summary

• Saga Communications Inc SGA reported quarterly adjusted earnings of 18 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 40 cents. The lone analyst forecast for the quarter was for earnings of 19 cents per share.

• Revenue fell 1.8% to $28.23 million from a year ago; analysts expected $28.60 million.

• Saga Communications Inc shares had fallen by 6.9% this quarter and gained 9.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 17.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the broadcasting peer group is also "buy"

• Wall Street's median 12-month price target for Saga Communications Inc is $18.00, about 32.8% above its last closing price of $12.10

This summary was machine generated from LSEG data August 7 at 06:11 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)