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

Tegna

07/08/2024 15:22

* Tegna Inc  TGNA.N  reported quarterly adjusted earnings of
50
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 44
cents.  The mean expectation of six analysts for the quarter was
for earnings of 48 cents per share. Wall Street expected
results to range from 46 cents to 50 cents per share.
    * Revenue fell 2.9% to $710.36 million from a year ago;
analysts
expected $715.28 million. 
    * Tegna Inc's reported EPS for the quarter was 48 cents​.
    * The company reported quarterly net income of $82.14
million.
    * Tegna Inc shares had risen by 4.2% this quarter and
lost 5.1% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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." 
    * The average consensus recommendation for the broadcasting
peer
group is also "buy"

Wall Street's median 12-month price target for Tegna Inc is
$19.75 
This summary was machine generated from LSEG data August 7 at
02:22 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
 Jun. 30 2024      0.48           0.50           Beat
 Mar. 31 2024      0.43           0.45           Beat
 Dec. 31 2023      0.47           0.43           Missed
 Sep. 30 2023      0.39           0.39           Met