Gray Television Inc reports results for the quarter ended in December - Earnings Summary

Gray Media

23/02/2024 17:02

* Gray Television Inc  GTN.N  reported a quarterly adjusted
loss
of 24 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of $1.88.  The mean expectation of seven analysts for the
quarter was for a loss of 16 cents per share. Wall Street
expected results to range from -26 cents to -3 cents per share.
    * Revenue fell 19.4% to $864.00 million from a year ago;
analysts
expected $863.31 million. 
    * Gray Television Inc's reported EPS for the quarter was a
loss
of 24 cents​.
    * The company reported a quarterly loss of $22 million.
    * Gray Television Inc shares had fallen by 11.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.5%
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 "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the broadcasting
peer
group is also "buy"

Wall Street's median 12-month price target for Gray Television
Inc is $12.00 
This summary was machine generated from LSEG data February 23 at
05:01 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
 Dec. 31 2023      -0.16          -0.24          Missed
 Sep. 30 2023      -0.32          -0.57          Missed
 Jun. 30 2023      -0.18          -0.10          Beat
 Mar. 31 2023      -0.26          -0.48          Missed