iHeartMedia Stock Reaches 52-Week High

Equities research analysts expect iHeartMedia, Inc. (NASDAQ:IHRT) to report $804.79 million in sales for the current fiscal quarter, according to Zacks Investment Research. 

Two analysts have made estimates for iHeartMedia's earnings. The highest sales estimate is $805.57 million and the lowest is $804.00 million. iHeartMedia reported sales of $487.65 million in the same quarter last year, which would suggest a positive year over year growth rate of 65%. The firm is expected to report its next earnings report on Thursday, August 5th.

According to Zacks, analysts expect that iHeartMedia will report full year sales of $3.38 billion for the current fiscal year, with estimates ranging from $3.31 billion to $3.45 billion. For the next fiscal year, analysts anticipate that the company will report sales of $3.87 billion, with estimates ranging from $3.68 billion to $4.02 billion. Zacks Investment Research's sales averages are an average based on a survey of analysts that follow iHeartMedia.

Steady climb this year for price of iHM shares 

iHeartMedia, Inc operates as a media and entertainment company worldwide. It operates through two segments, Audio, and Audio & Media Services. The Audio segment offers broadcast radio, digital, mobile, podcasts, social, program syndication, traffic, weather, news and sports data distribution, and on-demand entertainment, as well as live events, including mobile platforms and products; and operates Premiere Networks, a national radio network that produces, distributes, or represents approximately 120 syndicated radio programs and services to approximately 6,500 radio station affiliates.