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

Tegna

06/05/2024 16:30

* Tegna Inc  TGNA.N   TGNA.K  is expected to show a fall in
quarterly revenue when it reports  results on May 8 for the
period ending March 31 2024
    * The Mc Lean Virginia-based  company is expected to report
a
3.0% decrease in revenue to $717.957 million from $740.33
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on February
29 2024, for the period ended March 31, was for revenue between
$703.31 million and $725.52 million.
    * ​LSEG's mean analyst estimate for Tegna Inc is for
earnings of
43 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 6.0%
in the last three months. ​
    * Wall Street's median 12-month price target for Tegna Inc
is
$19.50​, above​ its last closing price of $14.17. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.46        0.47       0.43      Missed  -8.1
 Sep. 30 2023  0.39        0.39       0.39      Met     -0.6
 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.        1.13        1.11       0.98      Missed  -11.3
 31 2022                                                
 Sep. 30 2022  0.71        0.73       0.65      Missed  -10.7​
 Jun. 30 2022  0.60        0.63       0.60      Missed  -4.8
 Mar. 31 2022  0.48        0.53       0.59      Beat    10.8
 This summary was machine generated May 6 at 15:30 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)