TEGNA Inc. (TGNA - Free Report) reported first-quarter 2019 non-GAAP earnings of 29 cents per share, which beat the Zacks Consensus Estimate by 2 cents. However, the figure declined 12.1% on a year-over-year basis.
On a GAAP basis, revenues increased 2.9% year over year to $516.7 million. The figure also beat the Zacks Consensus Estimate of $515 million. Top-line growth was primarily driven by increase in subscription revenues, partially offset by lack of political, Olympic and Super Bowl revenues in the reported quarter.
TEGNA’s adjusted revenues, which exclude political advertising and incremental Olympic and Super Bowl revenues, were up 7.6% year over year to $506 million.
TEGNA Inc. Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
TEGNA Inc. (TGNA - Free Report) reported first-quarter 2019 non-GAAP earnings of 29 cents per share, which beat the Zacks Consensus Estimate by 2 cents. However, the figure declined 12.1% on a year-over-year basis.
On a GAAP basis, revenues increased 2.9% year over year to $516.7 million. The figure also beat the Zacks Consensus Estimate of $515 million. Top-line growth was primarily driven by increase in subscription revenues, partially offset by lack of political, Olympic and Super Bowl revenues in the reported quarter.
TEGNA’s adjusted revenues, which exclude political advertising and incremental Olympic and Super Bowl revenues, were up 7.6% year over year to $506 million.
TEGNA Inc. Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on LULU - FREE
Get the latest research report on NXST - FREE
Get the latest research report on TGNA - FREE