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Sinclair (SBGI) Outpaces Stock Market Gains: What You Should Know
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Sinclair (SBGI - Free Report) closed at $11.92 in the latest trading session, marking a +0.93% move from the prior day. This change outpaced the S&P 500's 0.12% gain on the day. Elsewhere, the Dow lost 0.2%, while the tech-heavy Nasdaq added 0.29%.
Coming into today, shares of the television broadcasting company had lost 18.04% in the past month. In that same time, the Consumer Discretionary sector lost 4.1%, while the S&P 500 gained 0.09%.
Sinclair will be looking to display strength as it nears its next earnings release. In that report, analysts expect Sinclair to post earnings of -$0.49 per share. This would mark a year-over-year decline of 236.11%. Meanwhile, our latest consensus estimate is calling for revenue of $753.4 million, down 10.63% from the prior-year quarter.
SBGI's full-year Zacks Consensus Estimates are calling for earnings of $1.69 per share and revenue of $3.13 billion. These results would represent year-over-year changes of +60.95% and -20.26%, respectively.
It is also important to note the recent changes to analyst estimates for Sinclair. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 37.09% lower within the past month. Sinclair is currently a Zacks Rank #5 (Strong Sell).
Investors should also note Sinclair's current valuation metrics, including its Forward P/E ratio of 7.01. Its industry sports an average Forward P/E of 22.73, so we one might conclude that Sinclair is trading at a discount comparatively.
Meanwhile, SBGI's PEG ratio is currently 1.28. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Media Conglomerates was holding an average PEG ratio of 1.68 at yesterday's closing price.
The Media Conglomerates industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 220, putting it in the bottom 13% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Sinclair (SBGI) Outpaces Stock Market Gains: What You Should Know
Sinclair (SBGI - Free Report) closed at $11.92 in the latest trading session, marking a +0.93% move from the prior day. This change outpaced the S&P 500's 0.12% gain on the day. Elsewhere, the Dow lost 0.2%, while the tech-heavy Nasdaq added 0.29%.
Coming into today, shares of the television broadcasting company had lost 18.04% in the past month. In that same time, the Consumer Discretionary sector lost 4.1%, while the S&P 500 gained 0.09%.
Sinclair will be looking to display strength as it nears its next earnings release. In that report, analysts expect Sinclair to post earnings of -$0.49 per share. This would mark a year-over-year decline of 236.11%. Meanwhile, our latest consensus estimate is calling for revenue of $753.4 million, down 10.63% from the prior-year quarter.
SBGI's full-year Zacks Consensus Estimates are calling for earnings of $1.69 per share and revenue of $3.13 billion. These results would represent year-over-year changes of +60.95% and -20.26%, respectively.
It is also important to note the recent changes to analyst estimates for Sinclair. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 37.09% lower within the past month. Sinclair is currently a Zacks Rank #5 (Strong Sell).
Investors should also note Sinclair's current valuation metrics, including its Forward P/E ratio of 7.01. Its industry sports an average Forward P/E of 22.73, so we one might conclude that Sinclair is trading at a discount comparatively.
Meanwhile, SBGI's PEG ratio is currently 1.28. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Media Conglomerates was holding an average PEG ratio of 1.68 at yesterday's closing price.
The Media Conglomerates industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 220, putting it in the bottom 13% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.