We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Gray Media (GTN) Flat As Market Gains: What You Should Know
Read MoreHide Full Article
In the latest trading session, Gray Media (GTN - Free Report) closed at $3.34, marking no change from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.13%. Meanwhile, the Dow lost 1.33%, and the Nasdaq, a tech-heavy index, lost 0.13%.
Heading into today, shares of the broadcast television company had lost 34.77% over the past month, lagging the Consumer Discretionary sector's loss of 7.24% and the S&P 500's loss of 6.3% in that time.
Investors will be eagerly watching for the performance of Gray Media in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on May 8, 2025. On that day, Gray Media is projected to report earnings of -$0.48 per share, which would represent a year-over-year decline of 160.76%. Simultaneously, our latest consensus estimate expects the revenue to be $772 million, showing a 6.2% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.27 per share and revenue of $3.21 billion, which would represent changes of -108.04% and -12.05%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Gray Media. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Gray Media presently features a Zacks Rank of #2 (Buy).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 84, which puts it in the top 34% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Gray Media (GTN) Flat As Market Gains: What You Should Know
In the latest trading session, Gray Media (GTN - Free Report) closed at $3.34, marking no change from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.13%. Meanwhile, the Dow lost 1.33%, and the Nasdaq, a tech-heavy index, lost 0.13%.
Heading into today, shares of the broadcast television company had lost 34.77% over the past month, lagging the Consumer Discretionary sector's loss of 7.24% and the S&P 500's loss of 6.3% in that time.
Investors will be eagerly watching for the performance of Gray Media in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on May 8, 2025. On that day, Gray Media is projected to report earnings of -$0.48 per share, which would represent a year-over-year decline of 160.76%. Simultaneously, our latest consensus estimate expects the revenue to be $772 million, showing a 6.2% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.27 per share and revenue of $3.21 billion, which would represent changes of -108.04% and -12.05%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Gray Media. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Gray Media presently features a Zacks Rank of #2 (Buy).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 84, which puts it in the top 34% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.