Movers and SHAKERS
Wednesday, May 8, 2019
Entravision Communications (EVC)
Oh, What A Relief It Is.
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.
Michael Kupinski, DOR, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- In line Q4. Fourth quarter cash flow of $20.7 million was in line with our $21.4 million estimate, on lighter than expected revenues at $82.1 million (versus our $87.1 million estimate). The $5 million revenue variance was all from the company's Digital media business and reflected a management decision to focus on profitable revenue growth.
- No material accounting issues. The company explains away the late quarterly filing and the non material nature of the new auditors findings. The company appears wil...
*Analyst certification and important disclosures included in 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.