We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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.
TEGNA (TGNA) Tops Q4 Earnings and Revenues Estimates
Read MoreHide Full Article
TEGNA Inc. (TGNA - Free Report) reported fourth-quarter 2017 (ended Dec 31, 2017) earnings per share of 32 cents (on an adjusted basis), beating the Zacks Consensus Estimate of 31 cents.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for TEGNA depicted an optimistic picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for fourth-quarter earnings increase 3.3% over the last 90 days.
The company also has an impressive earnings history having outperformed the Zacks Consensus Estimate in three of the last four quarters with an average beat of 6.02%.
TEGNA recorded revenues of $490.3 million which outperformed the Zacks Consensus Estimate of $488.9 million. However, revenues compared unfavorably with the year-ago figure of $546.9 million.
Key Stats to Note: In the fourth-quarter 2017, TEGNA reported a one-time deferred tax benefit of $221 million, from the new tax law passed. Buyout of Midwest Television's broadcasting stations, sale of CareerBuilder and spin-off of its Cars.com, boosted TEGNA's Q4 results.
Check back later for our full write up on this TEGNA earnings report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
TEGNA (TGNA) Tops Q4 Earnings and Revenues Estimates
TEGNA Inc. (TGNA - Free Report) reported fourth-quarter 2017 (ended Dec 31, 2017) earnings per share of 32 cents (on an adjusted basis), beating the Zacks Consensus Estimate of 31 cents.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for TEGNA depicted an optimistic picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for fourth-quarter earnings increase 3.3% over the last 90 days.
The company also has an impressive earnings history having outperformed the Zacks Consensus Estimate in three of the last four quarters with an average beat of 6.02%.
TEGNA Inc. Price and EPS Surprise
TEGNA Inc. Price and EPS Surprise | TEGNA Inc. Quote
Revenues Higher Than Expected
TEGNA recorded revenues of $490.3 million which outperformed the Zacks Consensus Estimate of $488.9 million. However, revenues compared unfavorably with the year-ago figure of $546.9 million.
Key Stats to Note: In the fourth-quarter 2017, TEGNA reported a one-time deferred tax benefit of $221 million, from the new tax law passed. Buyout of Midwest Television's broadcasting stations, sale of CareerBuilder and spin-off of its Cars.com, boosted TEGNA's Q4 results.
Zacks Rank: Currently, TEGNA has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this TEGNA earnings report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>