In the latest trading session, Gray Media (GTN) 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.
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Gray Media Inc. (GTN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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