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There's been a notable change in appetite for iHeartMedia, Inc. (NASDAQ:IHRT) shares in the week since its full-year report, with the stock down 16% to US$1.77. It was an okay report, and revenues came in at US$3.9b, approximately in line with analyst estimates leading up to the results announcement. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on iHeartMedia after the latest results.
See our latest analysis for iHeartMedia
Taking into account the latest results, iHeartMedia's four analysts currently expect revenues in 2025 to be US$3.84b, approximately in line with the last 12 months. Losses are predicted to fall substantially, shrinking 93% to US$0.47. Yet prior to the latest earnings, the analysts had been forecasting revenues of US$3.88b and losses of US$0.32 per share in 2025. While this year's revenue estimates held steady, there was also a considerable increase to loss per share expectations, suggesting the consensus has a bit of a mixed view on the stock.
As a result, there was no major change to the consensus price target of US$3.50, with the analysts implicitly confirming that the business looks to be performing in line with expectations, despite higher forecast losses. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on iHeartMedia, with the most bullish analyst valuing it at US$5.00 and the most bearish at US$2.50 per share. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We would highlight that revenue is expected to reverse, with a forecast 0.4% annualised decline to the end of 2025. That is a notable change from historical growth of 3.8% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 2.8% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - iHeartMedia is expected to lag the wider industry.