Newsmax Inc. reports results for the quarter ended September 30 - Earnings Summary

• Newsmax Inc. NMAX.N reported quarterly adjusted earnings of 12 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -3 cents. The mean expectation of three analysts for the quarter was for a loss of one cent per share. Wall Street expected results to range from -2 cents tozero cents per share.

• Revenue rose 52.5% to $69.03 million from a year ago; analysts expected $49.83 million.

• Newsmax Inc.'s reported EPS for the quarter was 12 cents​.

• The company reported quarterly net income of $15.23 million.

• Newsmax Inc. shares had fallen by 28.4% this quarter and gained 0.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the broadcasting peer group is also "buy"

• Wall Street's median 12-month price target for Newsmax Inc. is $17.00, about 57.1% above its last closing price of $7.29

This summary was machine generated from LSEG data November 12 at 10:56 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)