Gray Television Inc reports results for the quarter - Earnings Summary

Gray Media

08/11/2024 16:22

* Gray Television Inc  GTN.N  reported quarterly adjusted
earnings
of 87 cents​​ per share for the quarter , higher than the same
quarter last year, when the company reported EPS of -57 cents. 
The mean expectation of seven analysts for the quarter was
for earnings of 92 cents per share. Wall Street expected
results to range from 84 cents to 95 cents per share.
    * Revenue rose 18.3% to $950.00 million from a year ago;
analysts
expected $967.56 million. 
    * Gray Television Inc's reported EPS for the quarter was 87
cents​.
    * The company reported quarterly net income of $83 million.
    * Gray Television Inc shares had risen by 8.0% this
quarter and
lost 35.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 20.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the broadcasting
peer
group is also "hold"

Wall Street's median 12-month price target for Gray Television
Inc is 9.00 
This summary was machine generated from LSEG data November 8 at
04:22 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.92           0.87           Missed
 Jun. 30 2024      0.10           0.09           Missed
 Mar. 31 2024      0.18           0.79           Beat
 Dec. 31 2023      -0.16          -0.24          Missed