Sinclair Inc expected to post earnings of 43 cents a share - Earnings Preview

Sinclair

27/02/2024 24:00

* Sinclair Inc  SBGI.OQ   SBGI.O  is expected to show a fall
in
quarterly revenue when it reports  results on February 28 for
the period ending December 31 2023
    * The Hunt Valley Maryland-based  company is expected to
report a
12.6% decrease in revenue to $838.75 million from $960 million a
year ago, according to the mean estimate from 7 analysts, based
on LSEG data.The company's guidance on November 1 2023, for the
period ended December 31, was for revenue between $821.00
million and $847.00 million.
    * ​LSEG's mean analyst estimate for Sinclair Inc is for
earnings
of 43 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 was unchanged 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 $14.02. ​​​

The company's guidance on November 1 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD821 million and
USD196 million.The company's guidance on November 1 2023 for the
period ended December 31 was for Capital Expenditures between
USD28 million and USD30 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  
 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​
 Dec. 31 2022  0.48        0.42       0.79      Beat    86.3
 ​​Sep.        0.17        0.15       0.32      Beat    108.7
 30 2022                                                
 Jun. 30 2022  -0.18       -0.28      -0.17     Beat    38.7​
 Mar. 31 2022  -1.07       -1.07      -0.96     Beat    9.9
 Dec. 31 2021  0.30        0.07       -1.18     Missed  -1,709
                                                        .2
 This summary was machine generated February 26 at 23:59 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)