Gray Television Inc expected to post a loss of 18 cents a share - Earnings Preview

Gray Media

02/08/2023 13:43

* Gray Television Inc  GTN.N   GTN  is expected to show a
fall in
quarterly revenue when it reports  results on August 4. 
    * The Atlanta Georgia-based  company is expected to report 
a
8.3% decrease in revenue to $796.198 million from $868 million a
year ago, according to the mean estimate from 7 analysts, based
on Refinitiv data. The company's guidance on May 5 2023, for the
period ended June 30, was for revenue between $784.00 million
and $802.00 million.
    * ​Refinitiv's mean analyst estimate for Gray Television Inc
is
for a loss of 18 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 $13.5​, above​ its last closing price of $9.20. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.23       -0.26      -0.48     Missed  -85.5
 Dec. 31 2023  1.80        1.78       1.88      Beat    5.8
 Sep. 30 2022  1.41        1.41       1.03      Missed  -26.9​
 Jun. 30 2022  0.90        0.87       0.91      Beat    4.4
 ​​Mar.        0.39        0.37       0.52      Beat    39
 31 2022                                                
 Dec. 31 2021  0.13        0.21       0.17      Missed  -20.3​
 Sep. 30 2021  0.38        0.38       0.36      Missed  -4.8
 Jun. 30 2021  0.31        0.30       0.27      Missed  -10.4
 This summary was machine generated August 2 at 12:43 GMT.  All
figures in US dollars  unless otherwise stated