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

Sinclair

07/08/2024 22:02

* Sinclair Inc  SBGI.OQ  reported quarterly adjusted
earnings of
27 cents​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of
$-1.38.  The mean expectation of six analysts for the quarter
was for a loss of 13 cents per share. Wall Street expected
results to range from -32 cents to -1 cents per share.
    * Revenue rose 7.9% to $829.00 million from a year ago;
analysts
expected $836.51 million. 
    * Sinclair Inc's reported EPS for the quarter was 27 cents​.
    * The company reported quarterly net income of $17 million.
    * Sinclair Inc shares had fallen by 2.0% this quarter and
gained 0.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 114.4% in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 August 7 at
09:01 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
 Jun. 30 2024      -0.13          0.27           Beat
 Mar. 31 2024      -0.29          0.35           Beat
 Dec. 31 2023      0.43           -5.35          Missed
 Sep. 30 2023      -0.58          -0.63          Missed