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

Gray Media

05/05/2023 14:31

* Gray Television Inc  GTN.N  reported a quarterly adjusted
loss
of 48 cents​​ per share for the quarter ended in March. The mean
expectation of eight analysts for the quarter was for a loss
of 26 cents per share.
    * Revenue fell 3.1% to $801.00 million from a year ago;
analysts
expected $788.82 million. 
    * Gray Television Inc's reported EPS for the quarter was a
loss
of 48 cents​.
    * The mean earnings estimate of analysts had fallen by
about 639.3% in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Gray Television Inc shares had fallen by 23.2% this
quarter and
lost 40.1% so far this year.
    * The company reported a quarterly loss of $44 million.
    * Wall Street's median 12-month price target for Gray
Television
Inc is $16.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
5 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.26          -0.48          Missed
 Dec. 31 2022      1.78           1.88           Beat
 Sep. 30 2022      1.41           1.03           Missed
 Jun. 30 2022      0.87           0.91           Beat