Tegna Inc expected to post earnings of 48 cents a share - Earnings Preview

Tegna

05/08/2024 17:33

* Tegna Inc  TGNA.N   TGNA.K  is expected to show a fall in
quarterly revenue when it reports  results on August 7 for the
period ending June 30 2024
    * The Mc Lean Virginia-based  company is expected to report
a
2.2% decrease in revenue to $715.284 million from $731.51
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on May 8
2024, for the period ended June 30, was for revenue between
$694.93 million and $716.88 million.
    * ​LSEG's mean analyst estimate for Tegna Inc is for
earnings of
48 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Tegna Inc
is
$19.75​, above​ its last closing price of $15.10. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.43        0.43       0.45      Beat    3.7
 Dec. 31 2024  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.        0.47        0.46       0.47      Beat    1.7
 31 2023                                                
 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. 30 2022  0.60        0.63       0.60      Missed  -4.8
 This summary was machine generated August 5 at 16:33 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)