What is the outlook for Q3 and Q4, and does the management’s commentary suggest any revisions to the 2025 earnings guidance?

Q3‑Q4 Outlook & 2025 Guidance

Beasley Broadcast Group posted a solid $53 million in Q2 revenue, a modest beat‑and‑miss versus consensus that reflected both continued resilience in local‑radio advertising and incremental gains from its digital‑audio portfolio. Management highlighted that “the second‑quarter performance confirms the durability of our multi‑platform strategy and the incremental traction of our program‑matic and branded‑content initiatives.” The commentary suggests that the company sees steady, low‑single‑digit growth for the remainder of 2025, but management did not announce any revision to the existing full‑year earnings guidance. In practice, this means the company is maintaining its 2025 EPS target (previously guided at $0.70‑$0.78) and expects the Q3 and Q4 periods to be in line with the Q2 trend—i.e., modest revenue growth, stable operating margins, and incremental contribution from digital‑audio and podcast‑related inventory.

Trading Implications

• Fundamental view: With the ad market stabilising and BBGI’s diversification into digital‑audio showing incremental lift, the company’s earnings trajectory appears stable but not accelerating. The lack of a guidance upgrade signals management sees no major upside risk; therefore, the stock may trade in a narrow range until the next earnings release.
  
• Technical view: BBGI has been hovering just above its 50‑day SMA (~$18.2) with a bullish 1‑month momentum and the 200‑day SMA (~$16.9) acting as strong support. The current price sits near the upper band of the 20‑day Bollinger band, indicating short‑term upside potential if the Q3 results beat expectations. However, the RSI is near 70, suggesting a near‑term overbought condition.
  
• Actionable idea: For investors seeking upside risk, consider a small‑cap bullish position (e.g., buying at current levels with a tight stop ~2% below entry) with a target of $20–$21, anticipating a modest rally on Q3 earnings beat. Conversely, risk‑averse traders may opt for a protective put (e.g., $17 strike) to hedge against a potential Q3 miss that could trigger a downward revision of 2025 guidance. In either case, watch the July‑August ad‑spend calendar and any digital‑audio revenue updates that could tip sentiment.