Saga Communications Q2 revenue falls 6.5% on higher expenses - SGA News | RalliesSaga Communications Q2 revenue falls 6.5% on higher expenses
S
SGA• Outlook
- Saga expects to spend $3.0–$3.5 mln on capital expenditures during 2026
- Company expects about $154,000 per qtr of non-cash rent expense for lease agreements
- Company expects about $127,000 per qtr of non-cash interest income in 2026
Overview
- U.S. radio broadcaster's Q2 revenue fell 6.5% yr/yr to $26.4 mln
- Q2 diluted EPS was $0.15, down from $0.18 a year earlier
- Higher station operating expenses partly due to non-cash rent expense from tower sale
Key Details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|
| Q2 Revenue | Beat | $26.40 mln | $25.50 mln (1 Analyst) |
| Q2 EPS | | $0.15 | |
| Q2 Net Income | | $960,000 |
| Q2 Operating Income | | $623,000 | |
- The one available analyst rating on the shares is "hold"
- The average consensus recommendation for the broadcasting peer group is "buy"
- Wall Street's median 12-month price target for Saga Communications Inc is $14.00, about 37.9% above its August 12 closing price of $10.15
Result Drivers
- NON-CASH RENT EXPENSE - Station operating expenses rose due to non-cash rent expense related to the sale and leaseback of telecommunications towers
- HIGHER OPERATING EXPENSES - Station operating expense increased 5.4% yr/yr in Q2
•
