Thursday, May 16, 2019
Entravision Communications (EVC)
Back On Schedule!
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.
- Some noise in the first quarter. The Q1 revenues of $ 64.7 million were lighter than our $66.8 million estimate, largely due to softer revenues in its Digital and Radio businesses. TV outperformed our expectations. Cash flow, however, was better than expected even factoring in the one-time costs for auditors of $1.3 million, ($8.1 million versus our $6.7 million estimate).
- Revenue trends should improve. We believe that the company’s Digital revenues should show some moderation in coming quarters as the company executes on its profitable revenue growth strategy. In addition, Television appears to be doing pretty well. We expect more co…
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