Are radio stocks ready to rebound?

Radio stocks have performed terribly during the past year, but may be ready for a rebound based on events from the past few days.  Last week, Emmis Communications (ticker: EMMS) reported worse-than-expected earnings, but forecasted 1Q05 revenues that were above consensus.  In addition, both Beasley Broadcast Group (ticker:  BBGI) and Salem Communications (ticker: SALM) increased their forecasts for the coming quarter.  Below are revenue and EPS expectations for some radio stocks, along with earnings and conference call information.

Clear Channel Communications (ticker: CCU)

• Earnings release: 4/29/05
• Conference Call #: 888-578-6632 (9:00 AM EST)
• Consensus revenue estimate: $1.95 billion
• Consensus EPS estimate: $0.13

Cumulus Media (ticker: CMLS)

• Earnings release: 5/3/05

• Conference Call #: 800-562-8369 (10:00 AM EST)

• Consensus revenue estimate: $72 million
• Consensus EPS estimate: $0.00

Saga Communications (ticker: SGA)

• Earnings release: 5/3/05

• Conference Call #: 877-209-0397 (2:00 PM EST)

• Consensus revenue estimate: $32 million
• Consensus EPS estimate: $0.13

Entravision Communications (ticker: EVC)

• Earnings release: 5/3/05
• Conference Call #: 212-341-7090 (5:00 PM EST)

• Consensus revenue estimate: $56 million
• Consensus EPS estimate: $(0.04)

Citadel Broadcasting (ticker: CDL)

• Earnings release: 5/4/05
• Conference Call #: 800-895-1715 (9:00 AM EST)
• Consensus revenue estimate: $90 million
• Consensus EPS estimate: $0.09

Regent Communications (ticker: RGCI)

• Earnings release: 5/5/05

• Conference Call #: 706-634-0496 (9:00 AM EST)

• Consensus revenue estimate: $19 million
• Consensus EPS estimate: $0.00

Cox Radio (ticker: CXR)

• Earnings release: 5/6/05
• Conference Call #: 973-935-8513 (11:00 AM EST)
• Consensus revenue estimate: $96 million
• Consensus EPS estimate: $0.12

Entercom Communications (ticker: ETM)

• Earnings release: 5/9/05
• Conference Call #: 888-913-9965 (9:30 AM EST)
• Consensus revenue estimate: $93 million
• Consensus EPS estimate: $0.27

Univision Communications (ticker: UVN)

• Earnings release: N/A
• Conference Call #: N/A
• Consensus revenue estimate: $414 million
• Consensus EPS estimate: $0.11