Tegna Inc reports results for the quarter ended in September 30 - Earnings Summary

Tegna

07/11/2024 14:38

* Tegna Inc  TGNA.N  reported quarterly adjusted earnings of
94
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 39 cents.  The mean expectation of six analysts for the
quarter was for earnings of 86 cents per share. Wall Street
expected results to range from 80 cents to 95 cents per share.
    * Revenue rose 13.1% to $806.83 million from a year ago;
analysts
expected $794.42 million. 
    * Tegna Inc's reported EPS for the quarter was 89 cents​.
    * The company reported quarterly net income of $147.45
million.
    * Tegna Inc shares had risen by 13.6% this quarter and
gained 17.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
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." 
    * The average consensus recommendation for the broadcasting
peer
group is also "buy"

Wall Street's median 12-month price target for Tegna Inc is
18.75 
This summary was machine generated from LSEG data November 7 at
02:38 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
 Sep. 30 2024      0.86           0.94           Beat
 Jun. 30 2024      0.48           0.50           Beat
 Mar. 31 2024      0.43           0.45           Beat
 Dec. 31 2023      0.47           0.43           Missed