Sinclair Inc expected to post a loss of 29 cents a share - Earnings Preview

Sinclair

07/05/2024 03:07

* Sinclair Inc  SBGI.OQ   SBGI.O  is expected to show a rise
in
quarterly revenue when it reports  results on May 8 for the
period ending January 1 0001
    * The Hunt Valley Maryland-based  company is expected to
report a
3.7% increase in revenue to $801.31 million from $773 million a
year ago, according to the mean estimate from 7 analysts, based
on LSEG data.The company's guidance on February 28 2024, for the
period ended March 31, was for revenue between $793.00 million
and $806.00 million.
    * ​LSEG's mean analyst estimate for Sinclair Inc is for a
loss
of 29 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and 3 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 2.1%
in the last three months. ​
    * Wall Street's median 12-month price target for Sinclair
Inc is
$15.70​, above​ its last closing price of $13.54. ​​​

The company's guidance on February 28 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD793 million and USD139
million.The company's guidance on February 28 2024 for the
period ended March 31 was for Capital Expenditures between USD25
million and USD27 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.45        0.43       -5.35     Missed  -1,332
                                                        .7
 Sep. 30 2023  -0.58       -0.58      -0.63     Missed  -8.6
 Jun. 30 2023  -0.61       -0.60      -1.38     Missed  -130​
 Mar. 31 2023  -0.61       -0.60      2.64      Beat    538.8
 ​​Jan.        0.48        0.42       0.79      Beat    86.3
 1 0001                                                 
 Sep. 30 2022  0.17        0.15       0.32      Beat    108.7​
 Jun. 30 2022  -0.18       -0.28      -0.17     Beat    38.7
 Mar. 31 2022  -1.07       -1.07      -0.96     Beat    9.9
 This summary was machine generated May 7 at 02:06 GMT.  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)