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

Gray Media

08/08/2024 14:31

* Gray Television Inc  GTN.N  reported quarterly adjusted
earnings
of 10 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of -10 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 10 cents per share. Wall Street
expected results to range from -2 cents to 24 cents per share.
    * Revenue rose 1.6% to $826.00 million from a year ago;
analysts
expected $835.48 million. 
    * Gray Television Inc's reported EPS for the quarter was 9
cents​.
    * The company reported quarterly net income of $9 million.
    * Gray Television Inc shares had risen by 1.2% this
quarter and
lost 41.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 $11.00 
This summary was machine generated from LSEG data August 8 at
01:30 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
 Jun. 30 2024                     0.10           
 Mar. 31 2024      0.18           0.79           Beat
 Dec. 31 2023      -0.16          -0.24          Missed
 Sep. 30 2023      -0.32          -0.57          Missed