Tegna Inc reports results for the quarter ended in December - Earnings Summary

Tegna

29/02/2024 14:34

* Tegna Inc  TGNA.N  reported quarterly adjusted earnings of
43
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 98
cents.  The mean expectation of six analysts for the quarter was
for earnings of 47 cents per share. Wall Street expected
results to range from 43 cents to 50 cents per share.
    * Revenue fell 20.9% to $725.85 million from a year ago;
analysts
expected $750.82 million. 
    * Tegna Inc's reported EPS for the quarter was 40 cents​.
    * The company reported quarterly net income of $76.13
million.
    * Tegna Inc shares had fallen by 11.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.6%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Tegna Inc
is
$20.00 

This summary was machine generated from LSEG data February 29 at
02:32 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
 Dec. 31 2023      0.47           0.43           Missed
 Sep. 30 2023      0.39           0.39           Met
 Jun. 30 2023      0.43           0.44           Beat
 Mar. 31 2023      0.46           0.47           Beat