Sinclair Inc reports results for the quarter ended in December - Earnings Summary

Sinclair

29/02/2024 24:12

* Sinclair Inc  SBGI.OQ  reported a quarterly adjusted loss
of
$5.35​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 79
cents.  The mean expectation of six analysts for the quarter was
for earnings of 43 cents per share. Wall Street expected
results to range from 20 cents to 63 cents per share.
    * Revenue fell 14% to $826.00 million from a year ago;
analysts
expected $838.75 million. 
    * Sinclair Inc's reported EPS for the quarter was a loss of
$5.35​.
    * The company reported a quarterly loss of $341 million.
    * Sinclair Inc shares had risen by 10.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
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 2 "strong buy" or "buy," 2
"hold" and 3 "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 Sinclair Inc is
$15.70 
This summary was machine generated from LSEG data February 29 at
12:11 a.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
 Dec. 31 2023      0.43           -5.35          Missed
 Sep. 30 2023      -0.58          -0.63          Missed
 Jun. 30 2023      -0.60          -1.38          Missed
 Mar. 31 2023      -0.60          2.64           Beat