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Compared to Estimates, TEGNA (TGNA) Q2 Earnings: A Look at Key Metrics
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TEGNA Inc. (TGNA - Free Report) reported $710.36 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 2.9%. EPS of $0.50 for the same period compares to $0.44 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $717.66 million, representing a surprise of -1.02%. The company delivered an EPS surprise of +2.04%, with the consensus EPS estimate being $0.49.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how TEGNA performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Political
: $31.64 million versus the two-analyst average estimate of $29.75 million. The reported number represents a year-over-year change of +428.2%.
Revenue- Subscription
: $367.03 million versus $369.01 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -7.4% change.
Revenue- Advertising & Marketing Services
: $300.98 million versus the two-analyst average estimate of $307.81 million. The reported number represents a year-over-year change of -5.3%.
Revenue- Other
: $10.72 million versus the two-analyst average estimate of $11.10 million. The reported number represents a year-over-year change of -8.1%.
Shares of TEGNA have returned +4.6% over the past month versus the Zacks S&P 500 composite's -5.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, TEGNA (TGNA) Q2 Earnings: A Look at Key Metrics
TEGNA Inc. (TGNA - Free Report) reported $710.36 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 2.9%. EPS of $0.50 for the same period compares to $0.44 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $717.66 million, representing a surprise of -1.02%. The company delivered an EPS surprise of +2.04%, with the consensus EPS estimate being $0.49.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how TEGNA performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for TEGNA here>>>Revenue- Political
: $31.64 million versus the two-analyst average estimate of $29.75 million. The reported number represents a year-over-year change of +428.2%.Revenue- Subscription
: $367.03 million versus $369.01 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -7.4% change.Revenue- Advertising & Marketing Services
: $300.98 million versus the two-analyst average estimate of $307.81 million. The reported number represents a year-over-year change of -5.3%.Revenue- Other
: $10.72 million versus the two-analyst average estimate of $11.10 million. The reported number represents a year-over-year change of -8.1%.Shares of TEGNA have returned +4.6% over the past month versus the Zacks S&P 500 composite's -5.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.