Sign up
Log in
Gray Television Inc reports results for the quarter ended in December - Earnings Summary
Share
Listen to the news
Gray Television Inc reports results for the quarter ended in December - Earnings Summary
  • Gray Television Inc GTN.N reported a quarterly adjusted loss of 24 cents​​ per share for the quarter ended in December, lower than the same quarter last year, when the company reported EPS of $1.88. The mean expectation of seven analysts for the quarter was for a loss of 16 cents per share. Wall Street expected results to range from -26 cents to -3 cents per share.

  • Revenue fell 19.4% to $864.00 million from a year ago; analysts expected $863.31 million.

  • Gray Television Inc's reported EPS for the quarter was a loss of 24 cents​.

  • The company reported a quarterly loss of $22 million.

  • Gray Television Inc shares had fallen by 11.3% this quarter.

FORECAST CHANGES

  • The mean earnings estimate of analysts had fallen by about 2.5% in the last three months.​

  • In the last 30 days, one analyst revised an earnings estimate

RECOMMENDATIONS

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 1 "hold" and 2 "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 Gray Television Inc is $12.00

This summary was machine generated from LSEG data February 23 at 05:01 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

-0.16

-0.24

Missed

Sep. 30 2023

-0.32

-0.57

Missed

Jun. 30 2023

-0.18

-0.10

Beat

Mar. 31 2023

-0.26

-0.48

Missed

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending
No content on the Webull website shall be considered a recommendation or solicitation for the purchase or sale of securities, options or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.