Movers and SHAKERS
Entravision Communications Corporation (EVC)
Why We Are Raising Our 2020 Cash Flow Estimate By Over 50%
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, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Q2 results better than expected. Adj. EBITDA was $1.7 million versus our loss estimate of $550,000. Revenues were largely in line with expectations ($45.1 million versus our $45.9 million estimate).
Improving Q3 revenue trends, while cost cuts are kicking in. Q3 revenue pacing is better than our estimates, as cost cuts are kicking in. We are raising our Q3 revenue estimate to $56.9 million from $51.4 million and our Q3 adj EBITDA estimate is revised from ...
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.