Movers and SHAKERS
Entravision Communications (EVC)
In A Strong Growth Mode
Entravision Communications Corporation is a diversified Spanish-language media company utilizing a combination of television and radio operations to reach Hispanic consumers across the United States, as well as the border markets of Mexico. Entravision owns and/or operates 53 primary television stations and is the largest affiliate group of both the top-ranked Univision television network and Univision's TeleFutura network, with television stations in 20 of the nation's top 50 Hispanic markets. The Company also operates one of the nation's largest groups of primarily Spanish-language radio stations, consisting of 48 owned and operated radio stations.
Michael Kupinski, Director of Research, Noble Capital Markets, Inc.
Patrick McCann, Research Associate, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.Exceeds expectations. While revenues were largely in line with expectations, the company overachieved our adj. EBITDA estimate. Total company revenues increased a very strong 32% to $197.2 million (vs our $198.3 million estimate) and adj. EBITDA increased an impressive 28% to $18.1 million (vs our $16.1 million estimate).
Digital on fire. The company's digital businesses, which contributed 78% of total company revenue, increased a strong 51%. The company is executing on an attractive Digital growth strategy of expanding reach into new countries and territories and expanding commercial partnerships. In addition, the company is expanding its programmatic ad tech platform into new territories as well. ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.