Tegna Inc expected to post earnings of 39  cents a share - Earnings Preview

Tegna

03/11/2023 18:43

* Tegna Inc  TGNA.N   TGNA.K  is expected to show a fall in
quarterly revenue when it reports  results on November 7. 
    * The Mc Lean Virginia-based  company is expected to report 
a
10.7% decrease in revenue to $717.544 million from $803.11
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data. The company's guidance on August 3
2023, for the period ended September 30, was for revenue between
$698.71 million and $714.77 million.
    * ​Refinitiv's mean analyst estimate for Tegna Inc is for
earnings
of 39 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "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 Tegna Inc
is
$21​, above​ its last closing price of $15.11. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  0.42        0.43       0.44      Beat    3.3
 Mar. 31 2023  0.47        0.46       0.47      Beat    1.7
 Dec. 31 2022  1.13        1.11       0.98      Missed  -11.3​
 Sep. 30 2022  0.71        0.73       0.65      Missed  -10.7
 ​​Jun.        0.60        0.63       0.60      Missed  -4.8
 30 2022                                                
 Mar. 31 2022  0.48        0.53       0.59      Beat    10.8​
 Dec. 31 2021  0.55        0.55       0.57      Beat    3.6
 Sep. 30 2021  0.49        0.49       0.55      Beat    13
 This summary was machine generated November 3 at 18:43 GMT.  All
figures in US dollars  unless otherwise stated