Gray Television Inc expected to post a loss of 16 cents a share - Earnings Preview

Gray Media

21/02/2024 13:46

* Gray Television Inc  GTN.N   GTN  is expected to show a
fall in
quarterly revenue when it reports  results on February 23 for
the period ending December 31 2023
    * The Atlanta Georgia-based  company is expected to report a
19.5% decrease in revenue to $863.307 million from $1.07 billion
a year ago, according to the mean estimate from 8 analysts,
based on LSEG data.The company's guidance on January 30 2024,
for the period ended December 31, was for revenue between
$860.00 million and $865.00 million.
    * ​LSEG's mean analyst estimate for Gray Television Inc is
for a
loss of 16 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Gray
Television
Inc is $12.00​, above​ its last closing price of $8.09. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.29       -0.32      -0.57     Missed  -79.7
 Jun. 30 2023  -0.22       -0.18      -0.10     Beat    43.1
 Mar. 31 2023  -0.23       -0.26      -0.48     Missed  -85.5​
 Dec. 31 2022  1.80        1.78       1.88      Beat    5.8
 ​​Sep.        1.41        1.41       1.03      Missed  -26.9
 30 2022                                                
 Jun. 30 2022  0.90        0.87       0.91      Beat    4.4​
 Mar. 31 2022  0.39        0.37       0.52      Beat    39
 Dec. 31 2021  0.13        0.21       0.17      Missed  -20.3
 This summary was machine generated February 21 at 13:45 GMT. 
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)