Sinclair Inc reports results for the quarter ended in September 30 - Earnings Summary

Sinclair

07/11/2024 04:42

* Sinclair Inc  SBGI.OQ  reported quarterly adjusted
earnings of
$1.43​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -63 cents.  The mean expectation of six analysts for the
quarter was for earnings of 98 cents per share. Wall Street
expected results to range from 82 cents to $1.27 per share.
    * Revenue rose 19.6% to $917.00 million from a year ago;
analysts
expected $923.00 million. 
    * Sinclair Inc's reported EPS for the quarter was $1.43​.
    * The company reported quarterly net income of $94 million.
    * Sinclair Inc shares had risen by 9.4% this quarter and
gained 28.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 20.6%
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
$16.00 
This summary was machine generated from LSEG data November 7 at
04:42 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
 Sep. 30 2024      0.98           1.43           Beat
 Jun. 30 2024      -0.13          0.27           Beat
 Mar. 31 2024      -0.29          0.35           Beat
 Dec. 31 2023      0.43           -5.35          Missed