PodcastOne Q2 EPS Forecast Cut by Litchfield Hills Research

Key Points

• Litchfield Hills Research cut PodcastOne’s Q2 2027 EPS forecast to a loss of $0.02 per share from its prior estimate of $0.03; it forecasts a $0.09 per-share loss for full-year 2027.
• PodcastOne reported a quarterly loss of $0.05 per share and revenue of $16.12 million, below the $17.76 million consensus estimate. The company posted a negative net margin of 5.01% and negative return on equity of 19.85%.
• Analyst sentiment remains weak, with one Hold and one Sell rating producing a “Reduce” consensus. Shares opened at $3.17, while the stock’s 52-week range is $1.30 to $5.20.

PodcastOne, Inc. (NASDAQ:PODC - Free Report) - Analysts at Litchfield Hills Research dropped their Q2 2027 earnings estimates for PodcastOne in a report issued on Wednesday, August 12th. Litchfield Hills Research analyst B. Sine now expects that the company will post earnings of ($0.02) per share for the quarter, down from their previous forecast of $0.03. The consensus estimate for PodcastOne's current full-year earnings is ($0.09) per share. Litchfield Hills Research also issued estimates for PodcastOne's Q4 2027 earnings at ($0.01) EPS and FY2027 earnings at ($0.09) EPS.

PodcastOne (NASDAQ:PODC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.05) EPS for the quarter. PodcastOne had a negative net margin of 5.01% and a negative return on equity of 19.85%. The firm had revenue of $16.12 million for the quarter, compared to the consensus estimate of $17.76 million.

Other equities research analysts have also issued research reports about the company. Weiss Ratings restated a "sell (d-)" rating on shares of PodcastOne in a research report on Wednesday, June 24th. Wall Street Zen downgraded PodcastOne from a "buy" rating to a "hold" rating in a report on Saturday, June 27th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, PodcastOne presently has an average rating of "Reduce".

PodcastOne Stock Performance

PODC stock opened at $3.17 on Monday. The stock has a 50-day moving average price of $3.92 and a 200-day moving average price of $3.28. PodcastOne has a 1-year low of $1.30 and a 1-year high of $5.20. The firm has a market cap of $95.73 million, a PE ratio of -26.42 and a beta of 2.15.

Insider Transactions at PodcastOne

In related news, Director D Jonathan Merriman purchased 7,000 shares of PodcastOne stock in a transaction on Friday, May 22nd. The stock was acquired at an average cost of $4.38 per share, for a total transaction of $30,660.00. Following the completion of the acquisition, the director owned 309,732 shares of the company's stock, valued at $1,356,626.16. This trade represents a 2.31% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On PodcastOne

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of PodcastOne during the second quarter valued at about $280,000. NewEdge Advisors LLC grew its stake in shares of PodcastOne by 168.2% in the 1st quarter. NewEdge Advisors LLC now owns 88,455 shares of the company's stock valued at $180,000 after buying an additional 55,473 shares during the period. Dimensional Fund Advisors LP acquired a new stake in shares of PodcastOne in the 1st quarter valued at about $30,000. Citadel Advisors LLC increased its position in PodcastOne by 267.5% in the 3rd quarter. Citadel Advisors LLC now owns 41,958 shares of the company's stock valued at $70,000 after buying an additional 30,541 shares in the last quarter. Finally, Creative Planning bought a new stake in PodcastOne in the 2nd quarter valued at about $49,000. Institutional investors and hedge funds own 2.87% of the company's stock.

About PodcastOne

PodcastOne is a leading digital audio network specializing in the development, production and distribution of original podcast programming. The company offers a diverse slate of exclusive shows spanning genres such as entertainment, sports, business, politics and lifestyle. Its content lineup features long-form interviews, narrative series and personality-driven talk formats designed to engage listeners across North America and beyond.

The company's revenue model centers on advertising and branded content solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source