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Friday, March 6, 2020
Entravision Communications Corporation (EVC)
Why Q4 Doesn’t Matter
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.
Q4 in the rear view mirror. Q4 was sloppy, but in line with expectations. Revenues were $70.8 million versus our $71.3 million estimate and cash flow (as measured by adjusted EBITDA) was $11.1 million versus our $11.7 million estimate.
What a difference a quarter makes. Management provided solid Q1 revenue pacing, with growth expected across all business segments. TV revenues are especially strong, up 6%, in spite of the year-earlier, one-time, $3.9 million benefit from…
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This Company Sponsors Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst
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