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

Gray Media

07/05/2024 18:51

* Gray Television Inc  GTN.N  reported quarterly adjusted
earnings
of 79 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of -48 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 11 cents per share. Wall Street
expected results to range from -30 cents to 70 cents per share.
    * Revenue rose 2.7% to $823.00 million from a year ago;
analysts
expected $824.98 million. 
    * Gray Television Inc's reported EPS for the quarter was 79
cents​.
    * The company reported quarterly net income of $75 million.
    * Gray Television Inc shares had risen by 5.4% this
quarter and
lost 25.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 28.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 $10.50 
This summary was machine generated from LSEG data May 7 at 05:51
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
 Mar. 31 2024      0.11           0.79           Beat
 Dec. 31 2023      -0.16          -0.24          Missed
 Sep. 30 2023      -0.32          -0.57          Missed
 Jun. 30 2023      -0.18          -0.10          Beat