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 |