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

Tegna

08/05/2024 14:32

* Tegna Inc  TGNA.N  reported quarterly adjusted earnings of
45
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 47
cents.  The mean expectation of six analysts for the quarter was
for earnings of 43 cents per share. Wall Street expected
results to range from 37 cents to 49 cents per share.
    * Revenue fell 3.5% to $714.25 million from a year ago;
analysts
expected $718.47 million. 
    * Tegna Inc's reported EPS for the quarter was $1.06​.
    * The company reported quarterly net income of $189.56
million.
    * Tegna Inc shares had fallen by 1.9% this quarter and
lost 4.2%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 38.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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
$19.50 
This summary was machine generated from LSEG data May 8 at 01:32
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
 Mar. 31 2024      0.43           0.45           Beat
 Dec. 31 2023      0.47           0.43           Missed
 Sep. 30 2023      0.39           0.39           Met
 Jun. 30 2023      0.43           0.44           Beat