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Gray Media (GTN) Suffers a Larger Drop Than the General Market: Key Insights
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In the latest close session, Gray Media (GTN - Free Report) was down 3.17% at $4.88. This move lagged the S&P 500's daily loss of 0.28%. Meanwhile, the Dow experienced a drop of 0.54%, and the technology-dominated Nasdaq saw a decrease of 0.31%.
Shares of the broadcast television company witnessed a gain of 13% over the previous month, beating the performance of the Consumer Discretionary sector with its loss of 1%, and the S&P 500's loss of 0.76%.
The upcoming earnings release of Gray Media will be of great interest to investors. The company's earnings report is expected on February 26, 2026. The company's earnings per share (EPS) are projected to be -$0.28, reflecting a 117.61% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $778 million, indicating a 25.55% decrease compared to the same quarter of the previous year.
GTN's full-year Zacks Consensus Estimates are calling for earnings of -$1.45 per share and revenue of $3.08 billion. These results would represent year-over-year changes of -143.15% and -15.45%, respectively.
Investors might also notice recent changes to analyst estimates for Gray Media. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. Over the past month, there's been a 17.89% rise in the Zacks Consensus EPS estimate. Right now, Gray Media possesses a Zacks Rank of #2 (Buy).
In terms of valuation, Gray Media is presently being traded at a Forward P/E ratio of 1.74. This valuation marks a discount compared to its industry average Forward P/E of 10.54.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 66, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow GTN in the coming trading sessions, be sure to utilize Zacks.com.
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Gray Media (GTN) Suffers a Larger Drop Than the General Market: Key Insights
In the latest close session, Gray Media (GTN - Free Report) was down 3.17% at $4.88. This move lagged the S&P 500's daily loss of 0.28%. Meanwhile, the Dow experienced a drop of 0.54%, and the technology-dominated Nasdaq saw a decrease of 0.31%.
Shares of the broadcast television company witnessed a gain of 13% over the previous month, beating the performance of the Consumer Discretionary sector with its loss of 1%, and the S&P 500's loss of 0.76%.
The upcoming earnings release of Gray Media will be of great interest to investors. The company's earnings report is expected on February 26, 2026. The company's earnings per share (EPS) are projected to be -$0.28, reflecting a 117.61% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $778 million, indicating a 25.55% decrease compared to the same quarter of the previous year.
GTN's full-year Zacks Consensus Estimates are calling for earnings of -$1.45 per share and revenue of $3.08 billion. These results would represent year-over-year changes of -143.15% and -15.45%, respectively.
Investors might also notice recent changes to analyst estimates for Gray Media. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. Over the past month, there's been a 17.89% rise in the Zacks Consensus EPS estimate. Right now, Gray Media possesses a Zacks Rank of #2 (Buy).
In terms of valuation, Gray Media is presently being traded at a Forward P/E ratio of 1.74. This valuation marks a discount compared to its industry average Forward P/E of 10.54.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 66, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow GTN in the coming trading sessions, be sure to utilize Zacks.com.